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A Mexican federal judge ruled against the National Farm Council's request to block the government's decree banning GMO corn and glyphosate by 2024. The ruling lets the decree move forward.
U.S. non-GMO corn suppliers say they could supply Mexico's demand.
The ruling removes a legal obstacle to the GM corn import ban, putting U.S. yellow corn export volumes to Mexico at risk and weighing on corn prices.
non-gmoreport.comKendra MorrisonJun 10, 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.
