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Mexico's decree revokes existing and future permits for GM corn cultivation and phases out GM corn for human consumption by January 31, 2024. The draft also phases out glyphosate over four years, and officials said they would decide with producers whether animal feed is covered.
The article notes GM corn cultivation has been suspended in Mexico since 2013.
The policy could reduce Mexican demand for US GM corn, especially if livestock feed is included, which would weigh on CORN export values. Mexico's dependence on imports limits how quickly this can be replaced domestically.
vantrumpreport.comJan 11, 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.
