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Mexican President Lopez Obrador ordered a gradual phase-out of glyphosate use by 2024, according to the US Dry Bean Council. The council says no import restrictions have been imposed yet but worries that low or zero residue tolerances could follow.
A possible move toward zero herbicide residue tolerances in Mexico could disrupt US agricultural export trade, a modest downside risk for US grain and bean demand.
usdrybeans.comAug 25, 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.
After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% 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.
