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Monsanto has waited more than two years for Mexican approval to grow GMO corn in Sinaloa, and a court has halted pilot projects. The article says the effort may be caught up in threats by US President Trump to renegotiate NAFTA.
Mexico imported $2.3 billion of US corn in 2015.
A possible NAFTA renegotiation puts a major US corn export market at risk, which adds downside risk to US corn prices.
qz.comChase PurdyJan 31, 2017After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% 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.
