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The U.S. ethanol industry set a production record in 2016 and exports grew, but analysts see uncertainty under the Trump administration, which has ties to oil interests. Industry sources flagged possible export challenges, and a dispute erupted over a proposed change to federal biofuel policy.
Possible changes to the Renewable Fuel Standard could alter ethanol output and corn demand, so policy uncertainty adds risk to the corn and DDGS outlook.
startribune.comMike HughlettMar 5, 2017After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% 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.
