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Mexico published the decree in its official gazette on December 31, 2020, and it took effect January 1, 2021. It orders federal agencies to gradually replace glyphosate and the transgenic corn used in the country.
The law firm's note adds details on the measures the decree sets out.
Formal publication makes the GM corn restrictions binding, which strengthens the expected drop in Mexican demand for U.S. yellow corn.
basham.com.mxPriscilla Lorenzo SalumFeb 13, 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.
