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The EIA reports US ethanol production fell 4%, ethanol stocks rose 1%, and exports dropped 20% in the latest data. The article provides no further detail in the supplied text.
Lower ethanol output reduces DDGS supply, while weaker exports reduce outside demand for both ethanol and DDGS.
ethanolproducer.comDec 5, 2024Not enough comparable past events yet for a historical read.
After 1,102 past bearish report events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
