Novak: Mexico heading down EU path on ag restrictions

After 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.

• May 31, 2023Pesticide, biotech industry meet with still no US action on Mexico | Agri-Pulse Communications, Inc.-1.8%
• Oct 26, 2022Mexico quietly ruling on GMO traits as biotech corn ban looms | 2022-10-25 | Agri-Pulse Communications, Inc.-1.2%
• Aug 30, 2023Mexico embeds GM corn ban in food regs as USMCA dispute intensifies | Agri-Pulse Communications, Inc.-0.0%
• Apr 29, 2021Opinion: The Biden administration should address Mexico’s bans on genetically engineered corn and glyphosate | 2021-04-29 | Agri-Pulse Communications, Inc.+5.9%
• Aug 22, 2019Trade tensions, oversupply, and SREs drive biofuel plant shutdowns | 2019-08-22 | Agri-Pulse Communications, Inc.+2.4%

After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.

• Sep 26, 2017EPA seeking input on ‘potential reductions’ in RFS volumes | 2017-09-26 | Agri-Pulse | Agri-Pulse Communications, Inc.-1.4%
• Sep 4, 2024Biofuel groups, fuel retailers fight California’s proposed restrictions | Agri-Pulse Communications, Inc.-2.0%
• Feb 6, 2024Clean Fuels CEO looks to new domestic markets, exports to offset 'dreadfully wrong' RVOs | Agri-Pulse Communications, Inc.-0.3%
• Aug 27, 2026Bunge, POET, others warn Trump on biofuel exemptions for oil | Agri-Pulse Communications, Inc.+3.8%
• Feb 28, 2024Renewable diesel boom slows; industry eyes IRA, Canada for relief | Agri-Pulse Communications, Inc.+0.8%