EIA data show U.S. ethanol production slipped to 1.081 million barrels per day, still slightly above last year. Ethanol stocks fell 960,000 barrels to 23.756 million barrels, and exports dropped by 38,000 barrels per day from the prior week to 116,000.
Lower output and falling stocks tighten the ethanol balance and point to slightly firmer ethanol-linked corn demand, though the change is small.
Not enough comparable past events yet for a historical read.
After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% 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.