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Mexico's federal health risk regulator COFEPRIS is delaying GMO corn import approvals by up to two years, according to the National Agricultural Council president. Permit delays have also halted glyphosate shipments.
The government's ban on GMO corn imports is scheduled to take effect in 2024.
Slow approvals effectively bring forward the GM corn import ban, reducing near-term U.S. corn export sales to Mexico and pressuring corn prices.
feedstrategy.comAndrea GantzJun 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.
