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China bought about 200 mln gallons of U.S. ethanol for H1 2021 -ADM China has bought “roughly 200 million gallons” of U.S. ethanol for the first half of 2021, matching its previous record for annual imports of the corn-based biofuel, Archer Daniels Midland Co Chief Financial Officer Ray Young said. The accelerated imports are among several positive signs for the ethanol sector which has been hard hit by years of oversupply and, more recently, a sharp drop in demand as the coronavirus pandemic slashed fuel use. Imports of 200 million gallons would eclipse China’s previous annual record o...

OMAHA (DTN) — Looking at the next 18 months to two years of global grain and oilseed demand, Archer Daniels Midland Co. executives on Tuesday said they see an

China bought about 200 million gallons of U.S. ethanol for first-half 2021: ADM Commodities News Hallie Gu CHICAGO/BEIJING (Reuters) - China has bought “roughly 200 million gallons” of U.S. ethanol for the first half of 2021, matching its previous record for annual imports of the corn-based biofuel, Archer Daniels Midland Co Chief Financial Officer Ray Young said on Tuesday. FILE PHOTO: Corn is loaded into a truck to be transported for ethanol production in Kelley, Iowa, U.S., January 21, 2020. REUTERS/Shannon Stapleton/File Photo FILE PHOTO: The Front Range Energy...

Since September, China returned to the U.S. market buying higher amounts of corn, soybeans, beef, pork and chicken. However, they still haven’t fulfilled commitments in rolling back tariffs on ethanol and dried distillers grains, says Terry Branstad, former China ambassador during the Trump administration and former Iowa governor. “I’m optimistic that’s going to happen in the not too distant future. It’s in their interest as well as our interest,” Branstad explains during a panel discussion Jan. 26 of the Iowa Renewable Fuels Association’s virtual annual convention. Branstad say...

Corn prices on a record high as China’s demand surges Corn prices on a record high as China’s demand surges Corn futures are trading at a high of $543, the highest level since July 2013. China is committed to buying a record ethanol amount of 200 million gallons in this year's first half. The Middle Kingdom has bought 1.36 million tonnes of US corn, the highest amount since July 2020. Corn prices are on the rise for the third consecutive day. China, which is a key consumer of the commodity, has recorded increased demand by buying the largest amount since July 2020. The country is also co...