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Researcher Ana de Ita says Mexico's Senate approved the Law for the Promotion and Protection of Corn during the COVID-19 quarantine, when affected communities could not mobilize. She argues the law does not stop genetically modified corn and is a setback for native maize.
The law leaves open GM corn planting and commercialization in Mexico, the top export market for US corn, so near-term trade flows are not clearly affected. Any future restrictions on GM imports would matter more for US corn prices.
schoolsforchiapas.orgkatydidMay 9, 2020After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
