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USDA data showed 464.9 million bushels of corn used for fuel alcohol in November, below October but 2% above a year earlier. DDGS production was 1.84 million tons, down 2% month on month and up 2% year on year.
The soybean crush reached 210 million bushels, 6 million below the October record but 10 million above the prior year.
Steady ethanol grind and crush rates keep DDGS and soybean meal supplies ample, with no clear directional shift in feed prices from this data.
brownfieldagnews.comJohn PerkinsJan 2, 2025After 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.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
