2014-01-02 | permalink

USA: Prices for distillers grains plunge after China rejections

Prices for dried distillers grains (DDGs)—a by-product of corn-based ethanol that is used as animal feed—fell $30 a ton at U.S. export markets after top buyer China rejected two shipments last week because of the presence of an unapproved strain of genetically modified grain, traders said Tuesday.

• CNBC: USA: Prices for distillers grains plunge after China rejections
• Reuters: China rejects 545,000 T U.S. corn in a month over GM strain