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Mexico's December 2020 decree sought to phase out glyphosate use and GM corn, with a legal framework to ban GM corn field release by 2023. The article notes Mexico has no GM corn cultivation and questions whether the decree covers animal feed as well as white corn for food.
Potential restrictions on GM corn imports for feed would threaten a large share of U.S. corn exports to Mexico. The uncertainty supports a cautious outlook for corn export demand.
saifood.caDiego MacallMar 2, 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.
