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A Mexican court rejected an appeal seeking to lift the ban on commercial cultivation of genetically modified corn. Mexico currently allows GM corn only for scientific use on up to 1 hectare and for non-commercial pilot schemes on up to 10 hectares under judicial supervision.
The ruling keeps Mexico's domestic GM corn planting restricted, so it does little to change near-term US corn export demand, which depends mainly on imports already permitted.
reuters.comNov 25, 2017After 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.
