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The US Grains Council criticized China's MOFCOM decision to impose anti-dumping and countervailing duties on US DDGS, after China raised tariffs on US ethanol from 5% to 30%. The group also noted that China has not approved new biotech corn events since 2014.
A series of Chinese restrictions on DDGS, ethanol and corn cuts off a key export market for US feed ingredients, which pressures DDGS and corn prices and widens the discount to competing supplies.
morningagclips.comAubreyJan 11, 2017Not enough comparable past events yet for a historical read.
After 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.
