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China's Ministry of Commerce issued a final determination on January 10, 2017, imposing anti-dumping and countervailing duties on US DDGS. Growth Energy said the cumulative duties, regular import duty and a possible VAT change create a severe barrier to trade.
Final duties remove China as a key outlet for US DDGS, shifting supply to other markets and pressuring DDGS prices and feed-grain demand.
growthenergy.orgdigitronixJan 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.
