Alcohol production, whether for beverage use or fuel, is an important consumer of grain. Just like taxes, governments tend to impose higher taxes and higher import duties on so-called “sin goods” like alcoholic beverages than on other products. Moreover, like agricultural products, alcoholic beverages are some of the first products facing punitive duties in trade disputes that involve retaliation. The U.S. and EU recently agreed to temporarily suspend the 25 percent duties imposed on each other’s alcoholic beverages related to the Boeing/Airbus dispute but that still leaves 25 percent punitive duties on U.S. made bourbon and Scotch-style whiskies resulting from the tariffs imposed by Washington on steel and aluminum import...