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China Buys U.S. Grain Amid Signs Import Ban on GMO Corn to End

China bought as much as 900,000 metric tons of a corn-based grain from the U.S. after the government was said to have approved lifting a ban on a genetically-modified variety of the crop.

China signed contracts for as many as 15 cargoes of dried distillers grain for shipment between December and March, according to a report today by the China National Grain and Oils Information Center. China is the largest buyer of the by-product known as DDGS, which is produced when corn is stripped of starch for ethanol production.