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U.S. ethanol exports to China fell after a 30% Chinese tariff, dropping China from third-largest destination in 2016 to 11th in 2017. China took 22 million gallons from the U.S. in December, and Beijing is considering adding another 15 percent tariff on U.S. ethanol.
Lost access to the Chinese market reduces U.S. ethanol export demand, though analysts expect China's growing blend mandate to keep it a desirable market.
chinadaily.com.cnPAUL WELITZKIN in New YorkMar 29, 2018After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
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.
