date:Aug 07, 2013
Argentine Agriculture Minister Norberto Yauhar said Chinese health authorities cleared 60,000-tonnes of genetically modified (GMO) Argentine corn. The cargo was already headed inland to be used as hog and chicken feed.
Benchmark Chicago corn futures fell briefly after Reuters reported on the shipment. Argentina competes for market share with the United States, the No. 1 world corn exporter. But CBOT corn futures, which were already depressed due to good U.S. crop weather, ended the session mixe