Tuesday, December 17, 2013

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 China Rejects Corn Shipment

Washington--China rejected a shipment of U.S. corn cargo this week after detecting an unapproved genetically modified strain. The Asian nation has blocked a total of five cargoes of U.S. corn since mid-November, fuelling concerns over a slowdown in demand from the world's second-largest corn consumer. Corn futures declined after news of the rejection hit the streets.

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