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A USDA FAS GAIN report on China's biofuels market says ethanol interest is growing and vehicle fleet expansion continues, with 194.4 million civilian vehicles in 2016 and passenger vehicle sales estimated to rise 9% in 2017. The report notes crude oil demand growth is moderating due to public transit, efficiency and electric vehicles.
Rising Chinese fuel ethanol interest could eventually lift import demand for U.S. ethanol and corn, though current import duties limit near-term impact.
farmpolicynews.illinois.eduKeith GoodOct 27, 2017After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 56 past neutral report events, Crude Oil (WTI) moved a median +0.0% over 5 sessions (50% higher; middle half -2.7% to +2.5%), and +0.8% 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.
