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Mexico is holding up import permits for GMO corn, according to the head of the National Farm Council, even though the planned ban is not due to take effect for three years. At least eight GMO corn permits are among hundreds awaiting decisions.
The U.S. exports roughly 16 million tonnes of mostly GMO yellow corn to Mexico each year.
Delayed permits effectively bring forward a ban on a major U.S. feed corn outlet, which would weigh on U.S. corn export demand and prices if shipments slow.
reuters.comAdriana BarreraJun 11, 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.
