Ethanol industry hit hard by Trump’s Chinese trade war

In Washington, Reuters reports that the ethanol industry is suffering heavily from the Trump Administration’s trade war with China as demonstrated by a number of quarterly filings by ethanol companies last week. Without China to buy 200 million gallons of ethanol, trade that has dried up due to the ongoing trade war, the US market is sinking amidst a surplus of around 120 million gallons. ADM, Pacific Ethanol and Green Plains all reported challenges due to the trade war and some referred to cutting production.