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Monsanto's regional director said a ban on planting GMO corn in Mexico is likely to last for years after a Mexican court upheld a 2013 ruling that halted even pilot plots. The legal battle over environmental evidence is expected to be slow.
Mexico relies on imported US yellow corn for livestock feed, and those imports are expected to rise more than a fifth next season.
A prolonged GMO ban keeps Mexico dependent on imported feed corn, which supports US export demand. Expected growth in yellow corn imports is mildly supportive for corn prices.
gmwatch.orgEditor3Feb 5, 2017After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
