# Syngenta agrees to $1.5 B settlement of corn trait litigation | 2018-03-12 | Agri-Pulse | Agri-Pulse Communications, Inc.

> Syngenta agreed to pay $1.5 billion to settle a class action by US corn producers. The suit claimed its commercialization of GMO corn seed led China to reject US corn imports for about a year from November 2013. The settlement still needs approval from a federal judge in Kansas City.

- Date: 2018-03-12 · published 2018-03-12T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/65981-syngenta-agrees-to-1-5-b-settlement-of-corn-trait-litigation-2018-03-12-agri
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The settlement compensates US corn growers and handlers for lost Chinese export demand, but it does not change current corn supply or demand. Its market effect is limited to sentiment and grower finances.

## Read by commodity

- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-08-26 | [USDA announces first half $12 billion ag trade aid package \| 2018-08-26 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/4764-usda-announces-first-half-12-billion-ag-trade-aid-package-2018-08-26-agri-pulse.md) | +0.5% | +0.9% |
| CORN | 2022-12-16 | [Mexico offers new alterations to decree banning GM corn \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/38229-mexico-offers-new-alterations-to-decree-banning-gm-corn-agri-pulse.md) | +0.7% | +3.0% |
| CORN | 2017-06-14 | [Farm sector: Tweak NAFTA, but don’t endanger ag exports \| 2017-06-13 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/70482-farm-sector-tweak-nafta-but-don-t-endanger-ag-exports-2017-06-13-agri-pulse.md) | -2.1% | -0.3% |
| CORN | 2022-06-16 | [Farm state lawmakers press ITC to reverse on fertilizer duties \| 2022-06-16 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/40925-farm-state-lawmakers-press-itc-to-reverse-on-fertilizer-duties-2022-06-16-agri.md) | -1.5% | +0.5% |
| CORN | 2018-11-28 | [Ag trade remains key for US negotiators ahead of Trump-Xi meeting \| 2018-11-27 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/61936-ag-trade-remains-key-for-us-negotiators-ahead-of-trump-xi-meeting-2018-11-27.md) | +8.7% | +9.1% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/10714-syngenta-agrees-to-15-b-settlement-of-corn-trait-litigation

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.