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China's tariffs on US DDG, including preliminary duties above 40 percent, took effect and pushed DDG prices down about 30 percent. China also planned to raise its tariff on US fuel ethanol from 5 to 30 percent.
Tariffs that effectively close China to US DDG reduce export demand for a major feed ingredient and weigh on corn-based co-product values.
biofuelsdigest.comJim LaneJan 15, 2017
agri-pulse.comBill TomsonJan 11, 2017After 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.
Not enough comparable past events yet for a historical read.
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.
