Dec 18, 2013 6:36 PM ET Bloomberg News click here
Who’s afraid of a little genetically engineered American corn?
Chinese quarantine officers apparently. They’ve recently blocked at least six batches (more than 180,000 tons) of American corn from entering China, citing the presence of genetically-modified strain of the grain that the Chinese government hasn’t (yet) approved for import. The impact has been notable: In recent days U.S. corn futures fell, in part out of fear of further Chinese enforcement action.