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Analysis notes Mexico is already implementing the GM corn ban by denying glyphosate imports and delaying some US GM corn shipments ahead of 2024. US farmers may shift toward non-GM corn to keep exporting to Mexico, which takes over 40% of US corn produced.
Delays to US GM corn shipments and the possible shift to non-GM corn create uncertainty for US corn export volumes and could pressure prices in the near term.
allianceforscience.orgLuis VenturaJul 26, 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.
