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RFD-TV previewed the January WASDE, noting that US crush plants reported a record monthly crush of over 220 million bushels in November. Corn use for ethanol was about 472 million bushels, and ethanol output rose to just over 1.1 million barrels per day.
Record crush and steady ethanol-related corn use support soybean meal and DDG demand, while higher ethanol output adds to co-product supply. Traders are watching storage and supply-chain risks ahead of the report.
rfdtv.comMarion Kirkpatrick, RFD-TV NEWS STAFFJan 6, 2026After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
