Corn Futures Fall Most in Two Weeks on China GMO Concerns
This article is for subscribers only.
Corn futures fell the most in two weeks on speculation that China may reject more U.S. shipments that contain a genetically modified variety. Soybeans and wheat prices dropped.
China rejected 180,000 metric tons of insect-resistant corn from the U.S. because the variety was still undergoing a safety review. Soybean futures in Chicago posted the biggest drop in almost a month on concern that the Asian nation, the top oilseed and grain consumer, will shift to South American supplies.