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USTR Katherine Tai is preparing for an upcoming USMCA free trade commission meeting with Mexican and Canadian counterparts. Disputes include Mexico's decree to ban biotech corn by January 2024 and Canadian dairy protections, and Tai has been meeting farm groups including corn growers.
The outcome could determine whether Mexico's GM corn restrictions are resolved, which matters for U.S. corn export demand, though the meeting itself has no immediate price effect.
agri-pulse.comBill TomsonMay 5, 2021After 480 past neutral trade events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
