EIA data showed US ethanol stocks steady on the week, up 24,000 bpd week-on-week and about 9.6% higher than a year earlier. Four-week average output of 1.083 million bpd was 4,000 bpd below the same period last year.
Ample ethanol stocks and slightly lower output suggest limited near-term corn demand from ethanol, a mildly bearish signal for corn and DDGS prices.
After 1,102 past bearish report events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
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.