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Mexico's Senate passed a federal law to promote and protect native corn, which is treated as cultural heritage. The article says the law aims to protect native varieties from cheaper imported US corn and modern hybrids.
If enforced against imported or modified corn, the law could reduce Mexico's demand for US yellow corn over time. For now the impact on prices is limited.
benitosmexican.comGrand Pixels, www.grandpixels.comMay 6, 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.
