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ADM Signals Doom for Ethanol Without Trade Deal

Last week, U.S. ethanol stockpiles rose to an all-time high

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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.

According to Bloomberg, Archer-Daniels-Midland Co. said Thursday that the main risk to its goal of matching earnings levels of last year is a continuation of the trade spat between the world’s two largest economies.

Like U.S.-grown soybeans, ethanol — made primarily from corn and a revenue generator for farmers — faces steep tariffs in China.

America’s ethanol industry is beset by a supply glut and negative returns.

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