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A Mexican court upheld President López Obrador's decree to phase out glyphosate and GMO products by 2024, allowing the plan to proceed. Reports indicate Mexico is also using import licenses to deny GMO corn shipments before any formal phase-out timeline.
Mexico takes in roughly 16 million tonnes of US yellow corn a year, mostly for livestock feed, so a ban or de facto import blockage threatens a major export outlet and could weigh on US corn and feed prices.
agribusinessglobal.comMatt HopkinsJul 27, 2021After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
