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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.
reuters.comLaura Gottesdiener2 jan 2021Na 310 eerdere neerwaarts beleid-gebeurtenissen bewoog Maïs zich mediaan +0,3% over 5 sessies (54% hoger; middelste helft -1,4% tot +1,9%), en +0,6% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
