EU GMO detection reports pressure Argentine meal basis, fuel CBOT's rally

Reports that the European Union detected shipments of Argentine soybean meal with traces of genetically modified material not authorized by the bloc shook the market on April 27, boosting futures on the Chicago Board of Trade and pushing FOB Up River port differentials to nearly two-month lows. According to Argentine media, European importers issued at least three alerts about traces of theReports that the European Union detected shipments of Argentine soybean meal with traces of genetically modified material not authorized by the bloc shook the market on April 27, boosting futures on the Chicago Board of Trade and pushing FOB Up River port differentials to nearly two-month lows. According to Argentine media, European importers issued at least three alerts about traces of theRead More