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A Mexican court upheld a 2013 ruling that halted pilot plantings of GMO corn, and Monsanto says the ban may last for years. A separate item notes the Philippines raised its low-tariff corn import quota to 500,000 metric tons.
Mexico's continued restriction on GMO corn planting keeps domestic supply tight and reinforces import dependence, which supports demand for imported corn. The Philippine quota increase adds import demand for feed grains.
feedandgrain.comDec 1, 2020After 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.
