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China is reopening its market to U.S. dried distillers grains after halting purchases during the trade war and retaliatory tariffs. An American Coalition for Ethanol director called the move encouraging for export demand.
The industry is also dealing with small refinery waivers, low energy prices and COVID-19.
Renewed Chinese buying would add export demand for U.S. DDGS and support prices for buyers. The size of the purchases will determine how much this tightens supply.
wnax.comMar 23, 2020Not 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.
