- Cargill is suing Syngenta (SYT -0.7%), alleging the seed maker's push to sell corn seeds containing genetic modifications that were not approved in China led to "significant damages" to Cargill and the U.S. agricultural industry generally when China rejected corn shipments.
- China has rejected imports of U.S. corn since last November because of the presence of SYT's MIR-162 insecticide resistance trait; resulting in a 90% drop in exports of U.S. corn to China during H1 of 2014.