Chicago/Washington | Reuters — The United States requested formal trade consultations with Mexico on Monday over U.S. objections to its southern neighbour’s plans to limit imports of genetically modified corn and other agricultural biotechnology products. The U.S. Trade Representative’s office announced the request for technical talks after months of informal discussions with Mexican officials over […] Read more
U.S. demands formal trade talks with Mexico over GMO corn dispute
U.S. says new rules a breach of CUSMA
Mexico opens door for GM corn in feed, industrial uses
U.S. 'disappointed' in Mexico's new decree
Mexico City | Reuters — Mexico on Monday scrapped a deadline to ban genetically modified corn for animal feed and industrial use amid trade tensions with the United States — but retained plans to prohibit use of the GM grain for human consumption, as well as the herbicide glyphosate. The move, approved in a government […] Read more
Worst drought in decades sees Argentina exchange slash soy, corn forecasts
Buenos Aires | Reuters — Argentina’s Rosario Grains exchange sharply cut its forecast for the 2022-23 soybean harvest to 37 million tonnes from a previous forecast of 49 million, it said on Wednesday, as the country faces its worst drought in 60 years. The exchange also slashed its 2022-23 corn harvest estimate to around 45 […] Read more
Feed weekly outlook: Corn imports still weigh on domestic feed market
MarketsFarm — Ample corn imports from the U.S. continue to keep the western Canadian feed grain market under pressure, with barley bids in Lethbridge trending lower through the early days of 2023. “We started the year with cash barley trading at roughly $450 (per tonne) in Lethbridge, it’s since declined to roughly $435,” said Jim […] Read more
Mexico says it aims for agreement with U.S. on GM corn in January
U.S. officials threatening action under CUSMA pact
Mexico City | Reuters — Mexico and the United States aim to reach an agreement in January over a pending Mexican ban on imports of genetically modified (GM) corn, the Mexican foreign ministry said on Friday after officials from the two countries held talks in Washington. In a statement, the ministry said talks would continue […] Read more
U.S. lawmakers call for action over Mexico’s GM corn ban
Mexico says it's working on revisions
Mexico City | Reuters — A group of bipartisan U.S. lawmakers called on Trade Representative Katherine Tai on Friday to start consultations under the Canada-U.S.Mexico trade agreement (CUSMA) over Mexico’s ban on genetically modified (GM) corn and the herbicide glyphosate. The letter signed by 24 members of Congress and led by Republican Representative Adrian Smith […] Read more
CBOT weekly outlook: Soy futures find support, but upside limited
Corn activity mainly bearish
MarketsFarm — Solid export demand, a short squeeze by fund traders and production uncertainty in South America have all propped up Chicago soybean futures over the past week, with more gains possible ahead of the year-end before correcting lower, according to an analyst. With the South American harvest still some time away, “you might have […] Read more
Mexico to rework decree on GM corn, economy minister says
GM corn, glyphosate bans now due to take effect in 2024
Mexico City | Reuters — Mexico has offered to extend a deadline to ban genetically modified (GM) corn until 2025 and is working on a proposal to overhaul its plan, Economy Minister Raquel Buenrostro said on Wednesday. Buenrostro said President Andres Manuel Lopez Obrador had told the U.S. Mexico could delay the contentious GM corn […] Read more
Feed weekly outlook: Looming corn imports to keep lid on Prairie barley
MarketsFarm — Large shipments of corn from the U.S., slated for delivery to Alberta’s feedlot alley, should keep domestic barley prices under pressure going forward, according to an analyst. “The barley price here will gradually decline,” said Errol Anderson of Pro Market Communications in Calgary, adding that up to 30 unit trains of U.S. corn […] Read more
Mexico open to deal with U.S. on GMO corn
U.S. corn growers seek clarity over ban
Mexico City | Reuters — Mexican President Andres Manuel Lopez Obrador said on Tuesday he is seeking a deal with Washington after the United States threatened legal action over Mexico’s plan to ban genetically modified (GMO) corn in 2024. After meeting with Mexican officials on Monday, U.S. Secretary of Agriculture Tom Vilsack said Mexico’s decree […] Read more
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