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Mexico's National Commission for Regulatory Improvement drafted a decree proposing a phase-out of glyphosate over four years and of GE corn for human consumption by January 31, 2024. The draft is open for public comment with no closing date set.
A planned phase-out of GE corn for food use could reduce Mexico's demand for U.S. biotech corn over time, though the proposal is still a draft and its feed-use scope is unclear, so near-term price effect is limited.
brownfieldagnews.comDec 15, 2020After 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.
