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US corn and ethanol groups, backed by 20 members of Congress, urged the Biden administration and USTR to remove trade barriers on ethanol and biofuels. The letter cites Brazil's 18% tariff on US ethanol and India's import ban on fuel-grade ethanol.
Removing barriers would open export markets for US ethanol and DDGS, potentially lifting corn demand, but no policy change has occurred yet.
czapp.comFrank ZaworskiApr 3, 2024After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
