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Global Grain & Oilseed Markets
  • Tight supplies and a record corn harvest
  • A coincidence of factors, natural and man-made are keeping corn up to 15% more expensive than it otherwise should be. Corn was the first major input to fall in price and it now looks to take the lead in bottoming out, too. Formerly on track to go below US$3.20/bushel, a coincidence of factors, both natural and man-made is keeping corn above US$3.50/bushel and look set to do so for some time.
  • Manila's GMO march takes a back step
  • As early as 2003 the Philippines approved the propagation of the genetically modified Bt corn, where the Bacillus thuringiensis gene is inserted to produce a protein that's supposed to protect it from the Asiatic corn borers.
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