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Monsanto's regional director said a ban on planting GMO corn in Mexico will likely last for years. A Mexican court last week upheld a 2013 ruling that halted even pilot plots after an environmental legal challenge.
Mexico's yellow corn imports are expected to rise by over a fifth next season from about 15 million tonnes.
The GMO planting ban keeps Mexico reliant on US yellow corn imports for livestock feed, and expected higher import volumes support US corn demand.
stltoday.comDavid Alire Garcia • ReutersJan 30, 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.
