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The ISAAA has warned that counterfeit Bt corn seeds in the Philippines could reduce local corn production. The warning comes amid concerns about food supply in the country.
Lower domestic corn output would increase Philippine import demand for feed corn, which is mildly bullish for corn prices.
After 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.