Forget Soybeans. ADM Signals Doom for Ethanol Without Trade Deal
- Firm cites lack of ethanol sales to China as risk to outlook
- Last week, U.S. ethanol stockpiles rose to an all-time high
Photographer: Daniel Acker/Bloomberg
This article is for subscribers only.
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.
One of the world’s biggest ethanol producers painted a grim picture for American-made biofuel, along with its own prospects, if Donald Trump’s trade war with China lingers much longer.