
Mexico issued a decree stating it will revoke and refrain from granting permits for the release of genetically modified corn seeds into the environment, and mandated the phase-out of GMO corn imports by 2024. Mexico's farm lobby criticized the ban, while organic growers welcomed it.
The decree was issued on a Thursday evening, reported as of January 2.
A mandated phase-out of GMO corn imports threatens a major export market for US corn and is bearish for CORN. Opposition from Mexican farm groups suggests the rules could be softened, which limits the price impact.
Setelah 310 peristiwa kebijakan bearish sebelumnya, Jagung bergerak median +0,3% selama 5 sesi (54% lebih tinggi; separuh tengah -1,4% sampai +1,9%), dan +0,6% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.