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| European Union approval is not the same as retail acceptance. The general population in Europe is averse to using GMO's & will continue buying Non-GMO grains as long as they can afford it. Supplies coming out of South America will continue to work into the EU & we may see some vessels destined for Spain from the Gulf or Great Lakes, but I wouldn't expect to see a big export program built around this change. Beyond that, as I understand the ruling, the EU is leaving it up to each member state to make their own decision. SO, some countries may allow it while others will not.
http://www.reuters.com/article/idUKLDE66R0P320100728?type=companyNe...
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Could be a real can of worms for markets
