
US ethanol output hit a one-month high at 1.094 million barrels a day, up 29,000 on the week as new-crop corn supplies improved. Ethanol stocks rose 616,000 barrels to 24.558 million and exports averaged 132,000 barrels a day.
Iowa plant operating margins improved.
Higher ethanol output with improved margins supports corn use for ethanol and reinforces domestic corn demand. The weekly change is modest and largely routine.
After 1,040 past bullish report events, CORN moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.