China could face premiums on future corn purchases after rejecting U.S. genetically modified (GM) corn in recent months, according to a Reuters news report last week.
“The Chinese are going to have to learn that their actions will have consequences,” U.S. Department of Agriculture (USDA) economist Fred Gale told the AgResource Cereals Europe event.

China has officially rejected 887,000 metric tons of U.S. corn since November last...