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A legal battle in Mexico involves farmers, scientists and consumer groups opposing permits for genetically modified corn cultivation by multinational companies. The case aims to protect native corn from genetic contamination.
Mexico consumes about 44.7 million metric tons of corn this year.
Litigation over GM corn cultivation could eventually affect Mexico's corn import demand and biotech acceptance. The near-term price impact on feed corn markets is limited.
impactfund.orgTeddy Basham-WitheringtonMay 2, 2019After 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.
