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Source: Augusta Chronicle

Exporters and farmers going in two different directions on GMO corn underscores a new set of challenges faced by international agricultural commodity traders.Archer-Daniels-Midland Co. and Bunge Ltd., two of the world’s largest grain traders, are facing a new obstacle in their quest to expand corn exports to China — U.S. farmers.
Six months after China began rejecting shipments of a genetically modified corn, Bunge says it won’t take deliveries of the variety developed by Switzerland’s Syngenta AG. ADM will test the corn and may reject it as well. Even so, farmers will soon begin planting it this spring, more interested in its high yield for the domestic market than for exports.
More at Business Week

The JOC says the recent truckers’ strike in Vancouver, BC, ‘served as the flashpoint of an emerging drayage crisis that’s adding hundreds of millions of dollars to shipping costs and threatening the growth of intermodal commerce’ and concludes that ‘any solution to the drayage problem will require cooperation among terminal operators, longshore labor, chassis suppliers, container lines and shippers as well as drayage companies and truck drivers. And those parties will have to be open to new ways of doing business and new technology.’ Port of Long Beach photo
Drayage problems have been covered in depth in the Journal of Commerce. Click on the titles to read the full articles:
What’s the Cost of Drayage? It Depends
Drayage operators say rates generally slipped during the 2009-10 recession and are flat or slightly above rates of about three years ago.
Pricing has been held in check by fierce competition in a business with many seat-of-the-pants operators. However, that could change as equipment costs and safety requirements boost barriers to entry.
“With everyone concerned about capacity in 2014, you may see more increases than you’ve seen over the...

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