
Weekly ethanol production averaged 1.112 million barrels per day with stocks about 25.2 million barrels, nearly 12% above year-ago levels. December corn futures closed above $5 a bushel for the first time in three years, and managed money net long corn reached about 376,500 contracts.
Corn above $5 squeezes ethanol plant margins and raises feed grain costs for livestock buyers. Traders are also watching the EPA small refinery exemption decision for blending demand.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.