date:Jun 11, 2014
162) not approved for import by China.
This news, along with favorable Corn Belt weather, helped prompt a sell-off in corn futures Monday. Prices Tuesday morning continued to soften. In the meantime, there were signs the Chinese had increased their imports of U.S. sorghum somewhat, which could be a reasonable substitute for DDGs.
Reasons offered by market observers for the decision ranged from deterioration in Chinas overall relationship with the United States to narrow, corn-market considerat