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Marquis Energy's CEO says that a resumption of Chinese purchases of U.S. ethanol could ease the farm economy. China has tariffs of about 70% on U.S. ethanol and fees on DDGS, which have choked demand since April.
Renewed Chinese ethanol buying would absorb surplus U.S. output and lift corn and DDGS demand. The idea is still speculative, so near-term price impact is limited.
farmprogress.comBloombergDec 24, 2018After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
