NEWS
Ethanol Blog
Cheryl Anderson DTN Staff Reporter
Fri Jan 3, 2014 05:12 PM CST

After weeks of steady distillers grains prices, the market experienced an upheaval in the past week when China began to refuse shipments of DDG containing the GMO trait MIR 162 developed by Syngenta. Without China's appetite for U.S. DDG, a glut in the market became apparent and prices began a swift fall to the lowest level in two years.

The DTN weekly DDG spot price average fell a whopping $30 per ton in the past two weeks, from $189 per ton on Dec. 20 to $219 per ton Friday.

The last time the average was $189 per ton was in ...

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