NEWS
China Rejections Hit US DDG Prices
Cheryl Anderson DTN Staff Reporter
Fri Jan 3, 2014 02:44 PM CST

DAVENPORT, Neb. (DTN) -- China's rejection of shipments of U.S. dried distillers grains has caused an upheaval in the market, sending DDG prices plummeting.

The trouble began when China rejected as many as 10 shiploads of U.S. corn in mid-December because it contained a genetically engineered variety that is not yet approved in that country. The shipments contained corn from an unapproved variety, MIR 162, more commonly known as Agrisure Viptera, which is produced by Syngenta Ag.

Traders worried that U.S. DDG shipments would be the next to be rejected by China. Their fears soon materialized when about 2,000 tons ...

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