China received a 60,000 ton shipment of genetically modified Argentine corn, its first from the country, Reuters reported. Argentine Agriculture Minister Norbeto Yauhur said Tuesday that Chinese health authorities gave the shipment a green light and the cargo was already headed inland to be used as hog and chicken feed. China is already a major buyer of Argentine soy, as Argentina is the world’s No. 3 corn and soybean exporter. The Latin American country competes for global market share with the US, the world’s biggest exporter of corn. Benchmark Chicago corn futures fell briefly after the shipment was reported.
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