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China imposed preliminary anti-dumping and countervailing tariffs on US DDGS totaling over 40 percent, which cut DDGS prices by about 30 percent. Combined tariffs now exceed 80 percent, effectively closing China's market to US DDGS.
Losing the largest export market for DDGS removes demand for US co-product feed, pressuring DDGS prices and corn values tied to ethanol output.
biofuelsdigest.comMeghan SappJan 23, 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.
