Tom's Feed
Dec 19, 2014

China officially approves imports of Bayer GMO soybean variety

CHICAGO, Dec 19 (Reuters) – China has officially approved
imports of a genetically modified Bayer CropScience
soybean variety after seven years of review, the company said on
Friday, raising expectations that approval notices will come
soon for other grains.

Bayer received an import certificate from China for its
LL55 Liberty Link soybean, which is engineered to help farmers
control weeds, and plans a full commercial launch of the variety
in 2015, a spokesman said.

Dec 18, 2014

China approval may spur Syngenta to settle lawsuits-lawyers

Dec 18 (Reuters) – Chinese government approval for imports
of a controversial type of Syngenta AG biotech corn
increases the likelihood the seed maker will pay legal
settlements, said some lawyers for U.S. farmers and exporters
suing for damages from grain shipments rejected by Beijing.

They said clearance by China’s Ministry of Agriculture -
announced Wednesday by U.S. Agriculture Secretary Tom Vilsack,
ends uncertainty about Agrisure Viptera corn’s status and could
give Syngenta new price references to calculate potential losses
from the rejections.

Dec 18, 2014

CME Group imposes rare halt on wheat futures trading

CHICAGO, Dec 18 (Reuters) – CME Group Inc briefly
halted electronic trading in U.S. wheat futures overnight on
Thursday after prices sank 1.6 percent in one second as concerns
about Russian export curbs roiled the market.

The 10-second pause represented only the fourth time this
year that the world’s largest futures exchange operator has
interrupted trading in its grain markets as part of a so-called
“stop logic event.” Such a halt is designed to slow extreme
price moves to allow liquidity to form.

Dec 18, 2014

China approves delayed GMO imports as U.S. ties warm

BEIJING/CHICAGO, Dec 18 (Reuters) – China has approved the
import of a genetically modified corn strain it blocked last
year, causing market turmoil, and has given clearance to biotech
soybeans that had been waiting years for clearance, in a sign of
improving relations with the United States.

U.S. Agriculture secretary Tom Vilsack said on Wednesday
that China approved imports of American-grown Viptera corn
developed by Swiss-based Syngenta, known as MIR 162,
as well as shipments of biotech soybeans developed by DuPont
Pioneer and Bayer CropScience.

Dec 18, 2014

China approves imports of Viptera corn, two types of soybeans: Vilsack

CHICAGO (Reuters) – A top Chinese government official said the country has approved imports of genetically modified Agrisure Viptera corn and two varieties of biotech soybeans after years of review, U.S. Agriculture Secretary Tom Vilsack said on Wednesday.

Chinese Vice Premier Wang Yang said imports of Viptera corn, known as MIR 162, had been approved by China’s Ministry of Agriculture, Vilsack told reporters at a U.S.-China trade forum in Chicago. The ministry also approved imports of biotech soybeans developed by DuPont Pioneer and Bayer CropScience, he added. Vilsack said he did not know the names of the soybean varieties.

Dec 18, 2014

China approval may spur financial settlements for Syngenta -lawyers

Dec 18 (Reuters) – Chinese government approval for imports
of a controversial type of Syngenta AG biotech corn
increases the likelihood the seed maker will pay settlements to
more than 100 U.S. farmers and exporters suing for damages from
grain shipments rejected by Beijing, lawyers said.

They said clearance by China’s Ministry of Agriculture -
announced Wednesday by U.S. Agriculture Secretary Tom Vilsack,
who cited talks with Chinese Vice Premier Wang Yang – ends
uncertainty about Agrisure Viptera corn’s status and could give
Syngenta new price references to calculate potential losses from
the rejections.

Dec 17, 2014

China says approved imports of Viptera corn, two soybeans -Vilsack

CHICAGO, Dec 17 (Reuters) – A top Chinese government
official said the country has approved imports of genetically
modified Agrisure Viptera corn and two varieties of biotech
soybeans, U.S. Agriculture Secretary Tom Vilsack said on
Wednesday.

Chinese Vice Premier Wang Yang said imports of Viptera corn,
known as MIR 162, had been approved by China’s Ministry of
Agriculture, Vilsack told reporters at a U.S.-China trade forum
in Chicago. The ministry also approved imports of biotech
soybeans developed by DuPont Pioneer and Bayer CropScience, he
added. Vilsack said he did not know the names of the soybean
varieties.

Dec 17, 2014

Syngenta drops lawsuit against Bunge over biotech Viptera corn

CHICAGO (Reuters) – With expectations rising that China will
soon approve imports of a genetically modified corn variety
developed by Syngenta AG, the seed maker dropped a lawsuit
against Bunge North America over the agribusiness company’s
refusal to handle the controversial grain, court documents show.

The settlement clears up a long-running legal dispute over
Syngenta’s genetically modified Agrisure Viptera corn and
probably precedes an eventual decision by Bunge to begin
accepting the grain, also known as MIR 162, as the China market
opens up.

Dec 12, 2014

Syngenta sees China approving contentious GMO corn soon

CHICAGO (Reuters) – Syngenta AG expects to win
Chinese government approval soon for imports of a type of
genetically modified corn at the center of lawsuits over U.S.
grain shipments rejected by Beijing, a company spokesman said on
Friday.

Syngenta, one of the world’s largest seed companies, will
make an announcement when it receives official documentation
from China that Agrisure Viptera corn, known as MIR 162, has
been cleared for import, spokesman Paul Minehart said. He
declined further comment.

Dec 12, 2014

Syngenta expects China’s approval soon for MIR 162 corn

CHICAGO, Dec 12 (Reuters) – Syngenta AG, one of
the world’s largest seed companies, expects to win Chinese
government approval “in the near future” for imports of a
genetically modified corn that has been rejected by Beijing, a
company spokesman said on Friday.

Syngenta will make an announcement when it receives official
documentation from China that Agrisure Viptera corn, known as
MIR 162, has been given the go ahead, spokesman Paul Minehart
said. He declined further comment.