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The USDA says it is unclear how Mexico's glyphosate and transgenic corn decree will be implemented, including its deadlines and which corn products it covers. Its import estimates therefore exclude the decree's effects.
Most U.S. corn exports to Mexico are yellow corn for livestock feed.
Because the USDA's Mexico corn import forecasts omit the decree, a future revision could lower projected U.S. corn exports and weigh on prices.
opportimes.comRedacción OpportimesFeb 3, 2021After 770 past neutral report 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.
