US Grains Council says US-China trade war hitting crush margin by 10 cents a gallon

In Washington, Reuters reports that the US Grains Council says the ethanol industry is hurting badly as a result of the ongoing trade war between the US and China, saying that without the tariff, the US could supply 90% of China’s import demand. The USGC’s chief economist said that margins would expand 10 cents per gallon when the US-China trade war finally comes to an end and ethanol exports to China can resume at pace.