Ethanol Industry In Free Fall Since President Trump's Inauguration [Forbes]
REX American Resources Corporation (REX)
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Source: Forbes
Ethanol Industry In Free Fall Since President Trump's Inauguration FILE - In this June 11, 2019, file photo, President Donald Trump speaks at Southwest Iowa Renewable , an ethanol producer in Council Bluffs, Iowa. Trump has repeatedly told U.S. farmers he loves and supports them and in return they largely continue to support him even though some of his promises, better trade deals and strong support for corn-based ethanol, haven't been fully kept. For many farmers and the politicians representing them criticizing the policy failures but not the president himself is a delicate dance. (AP Photo/Nati Harnik, File) ASSOCIATED PRESS Following Donald Trump's election in 2016, ethanol producers rallied. Shares of ethanol suppliers Green Plains, REX American Resources and Pacific Ethanol all climbed by double digit in the weeks after the election. I felt like this celebration was premature. Two days after Donald Trump was inaugurated in 2017, I wrote Why The Ethanol Should Fear President Tru
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