U.S. Farmers Mark Spring by Planting Corn Banned in China
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Archer-Daniels-Midland Co. and Bunge Ltd., two of the world’s largest grain traders, are facing a new obstacle in their quest to expand corn exports to China -- U.S. farmers.
Six months after China began rejecting shipments of a genetically modified corn, Bunge says it won’t take deliveries of the variety developed by Switzerland’s Syngenta AG. ADM will test the corn and may reject it as well. Even so, farmers will soon begin planting it this spring, more interested in its high yield for the domestic market than for exports.