1-16 IAT Chinese Resistance

First was the GMO wheat scare in Taiwan and then the Chinese started worrying about GMO corn. Now the U.S. Department of Agriculture had forecasted that China would import around 7-million metric tons during the current marketing year. Now - it doesn't look like China will meet those initial expectations due to a dilemma causing disruption in the marketplace.??In November - China rejected several shipments of corn that contains unapproved GMO corn strain. U.S. Grains Council President and CEO Tom Sleight says this situation has interrupted the pace of U.S. corn exports to China - but the Grains Council remains engaged with all parties in China to keep this issue from becoming overstated: "The key point is that there are fundamental issues in China with bio tech acceptance that we have to address. We have been working on that and we are stepping up our efforts on that. There are some fundamental questions that the Chinese wanted to have answered on meeting their food security goals. we are working on those issues right now. We are keeping the communication on a positive engagement with the Chinese. There is no immediate magic wand to wave here but if we keep at it, I think we will get back to a normal trading relationship once we start answering some very key questions that are being raised in China now and also around the world."