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A clash within Mexico's agriculture ministry over the scope of the planned GMO corn ban has created uncertainty for farm and food industries. A more restrictive reading could allow GMO corn for animal feed, while a liberal reading could end imports by 2024.
Uncertainty over whether US feed corn can keep flowing to Mexico's large livestock sector adds risk to US corn export demand and could pressure corn prices.
euronews.comJul 8, 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.
