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Non-GMO seed and grain suppliers in the U.S. say they could supply Mexico's demand for non-GMO corn if the market incentives are right. Mexico's government says the ban aims to protect native corn varieties and reduce glyphosate use.
If U.S. suppliers shift to non-GMO corn for Mexico, some export demand could be preserved, but any shift would be gradual and at a premium, so the price effect is limited.
triplepundit.comKen RoseboroJun 22, 2021After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
