
U.S. ethanol production averaged 1.105 million barrels per day in the latest EIA week, a three-month high and up 25,000 barrels per day year over year. Ethanol stocks rose 273,000 barrels on the week but remained below year-ago levels.
Refiner and blender purchases and gasoline supply both fell to eight-week lows as summer driving season ended.
Higher ethanol output means more corn grind and more DDGS available, which supports corn demand but adds co-product supply. Softer blending demand could weigh on ethanol margins if it persists.
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.