Adrian Torrebiarte

• Mexico’s President ban on GM corn to be contested internationally.
• This could halt USD 3b in trade, primarily American corn arrivals.
• Mexican sugar flows to the U.S. could also be halted.

• The American Climate Prediction Center has confirmed an El Niño this year.
• El Niño should not affect American cane sugar production.
• El Niño could have a negative impact on American beet sugar production.

• The American Climate Prediction Center has confirmed an El Niño this year.
• Dry conditions could cause cane yields to fall in Mexico.
• American wheat and corn should benefit.

· The United States has announced a second TRQ allocation for this year. 

· We now project Mexico to produce around 5.6m tonnes of sugar.  

· Brazil, DR, and Guatemala may be winners from this move.   

• The American Climate Prediction Center has confirmed an El Niño phenomenon this year.
• Guatemala and Peru should be unaffected by El Niño.
• Argentina and Colombia might benefit from El Niño.

• Louisiana is the largest American cane sugar-producing state.
• There are around 450 cane farmers in the state.
• Louisiana sugar industry has lost around 1000 to 2000 acres of land to solar farms.