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Greenpeace and another NGO questioned whether President López Obrador will enforce his pledge to ban genetically modified products in Mexico. The skepticism follows his appointment of Alfonso Romo, a former Seminis CEO, as chief of staff and Víctor Villalobos, former head of the GM biosafety agency CIBIOGEM, as agriculture secretary.
A real GM ban, especially on corn, would threaten Mexico's large imports of US yellow corn for feed, a key price driver for US corn and DDGS. For now the pledge is unclear in scope, so the impact is limited to sentiment.
mexiconewsdaily.comMND StaffDec 12, 2018After 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.
Not enough comparable past events yet for a historical read.
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.
