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US Agriculture Secretary Tom Vilsack said Mexico's GMO corn ban would apply only to corn for human food and not to feed-grade corn, based on talks with Mexico's agriculture secretary. He also said the impact would be smaller than a full ban.
If feed corn is exempt, Mexico's major US corn import demand for livestock feed is protected, which supports US corn export prices.
non-gmoreport.comKendra MorrisonApr 9, 2021After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
