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China dramatically increases ethanol purchases from the US (SPY +0.6%). BTFD buyers were out in full force DOW ends at record above 32,000 as bond yields fall. The Market in Perspective Here are the headlines moving the markets. China Dramatically Increases Ethanol Purchases From The U.S. ThreeReuterssources said Monday that Beijing made massive purchases of US energy products. The sources said, three ships carrying ethanol were heading to China from the US Gulf Coast. They said it s a sign that ethanol exports from the United States to the country are increasing drastically. The purchases are so big that they re expected to surpass the total amount of US ethanol that China imported last year, said Reuters. Each vessel is carrying 30,000 tons or about 240,000 barrels of ethanol, the sources said. It ....