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A Mexican judge rejected an industry bid to halt Mexico's decree banning genetically engineered corn and glyphosate. The ban would affect roughly 16 million tonnes of U.S. yellow corn exports to Mexico, nearly all of which is GMO.
A ruling that lets the ban proceed threatens a major outlet for U.S. corn, which could weigh on U.S. corn export demand and prices.
reuters.comDavid Alire GarciaMay 24, 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.
