Downward Pressure on Corn and DDG Prices

US corn futures close limit down at a nearly 10-week low as Japan's nuclear crisis spooks traders into reducing risk. Investors pull cash out of risky assets in favor of more liquid holdings, analysts note. Commodity funds sold an estimated 22,000 contracts, a hefty amount. Corn led the downside in the grain markets as Japan is the world's top corn importer. Traders worry Japan may temporarily reduce its purchases following last week's disaster. CBOT May corn drops 30c limit to $6.36/bushel.

The decrease in Corn futures prices has had a direct impact on the DDGS values.  DDGS values have dropped between $10 and $20 per metric tonne following the neutral USGC report and the devastating earthquake in Japan.