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U.S. ethanol stocks fell to a three-week low last week even as production rose to a fresh record high. Exports surged to their highest level in over a year.
Record output and strong exports support corn grind and ethanol demand. Falling stocks point to tighter near-term balances for the sector.
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.