
U.S. ethanol production rose 16,000 barrels per day on the week to 1.091 million, though it was down 19,000 from a year earlier. Ethanol stocks climbed 88,000 barrels to 22.307 million, and exports averaged 145,000 barrels per day.
Iowa plant operating margins dipped to just above breakeven.
Softening ethanol margins could slow plant grind and reduce corn demand and DDGS output over time. The effect on prices is likely modest for now.
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.
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.