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AP reports a $1.5 billion settlement in the lawsuit over Syngenta's modified corn seed strains sold in the US market from the 2011 season. Plaintiffs said the decision to commercialize the strains cut off access to the Chinese corn market and drove price declines for several years.
The report describes the same settlement covered by other outlets.
The case concerns past losses from lost Chinese corn demand rather than current supply or demand. Any price effect is indirect and limited.
apnews.comMargaret StaffordMar 13, 2018After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
