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ADM and Cargill are continuing legal action against Syngenta over U.S. corn shipments rejected by China before it approved the GMO strain in December 2014. More than 1 million tonnes were rejected, causing losses for farmers and traders.
The litigation concerns past trade losses rather than current supply, so it has limited near-term price impact, though it highlights the risk of GMO approval gaps in export markets.
reuters.comKarl PlumeSep 28, 2017After 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.
