Tidbits
A trade dispute panel ruled Mexico violated the USMCA (US, Mexico, Canada Agreement) when it banned the import of GMO corn in early 2023. As Mexico is the top destination for U.S. corn, yesterday’s ruling is a win for U.S. corn farmers.
However, note that shortly after Mexico announced the ban on GMO corn, Mexico modified the regulation to just human consumption corn, which is not much corn.
Bulgaria's oilseed crop this year was its lowest crop in more than a decade because of the extremely hot and dry summer growing season according to the USDA’s Foreign Agricultural Service.
Yesterday’s milk production report showed that production for the country was down 1% from last year and that cow numbers were down 5,000 head from the previous month (out of 9.37 million in total).