Mexico agrees to take GMO corn

It's been a volatile week, with the recent new high placed by soybeans early in the week completely rejected, and the market is now tumbling back to near the 15.00 mark. We also explained why wheat is sharply higher while beans are lower.

Heartland Market Talk
Heartland Market Talk
Mexico agrees to take GMO corn
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Mexico yesterday afternoon did agree they will take GMO corn in 2024, but it will only be for feed usage along with industrial needs. They will still go with non-GMO corn for human consumption. Soybeans are struggling despite a weather forecast that still shows warm dry weather. Brazilian beans are now trading at a dollar a bushel under US beans, which will be bringing our export pace to a screeching halt.

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