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U.S. officials say Mexico is not meeting its USMCA commitments, citing the holding up of GM corn and glyphosate import permits. The National Farm Council said feed corn shows no sign of an exemption from the ban, contrary to recent comments by U.S. Agriculture Secretary Tom Vilsack.
A possible trade dispute over the GM corn ban puts U.S. corn exports to Mexico at risk, which would be bearish for corn if the dispute escalates or the ban is enforced.
producer.comSean PrattJun 24, 2021After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
