ADM, Syngenta settle lawsuit over biotech corn exports to China.

ADM sued Syngenta four years ago for selling the corn variety known as Agrisure Viptera or MIR 162 before it was approved for import by China, an importer on U.S. grain. China rejected U.S. corn cargoes that contained the unauthorized strain, which caused financial losses for ADM, according to the lawsuit. China ultimately approved imports of Viptera corn in 2014. ADM and Syngenta reached a confidential settlement over the matter in December, according to an annual report the grain handler filed with the U.S. Securities and Exchange Commission.