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The EIA reported U.S. fuel ethanol production hit a record 1.113 million barrels per day for the week ending November 8, with stocks slightly higher and exports up 32%. The EIA also said U.S. ethanol exporters are on track for a record year in 2024, driven by blending-mandate demand abroad and cheap U.S. prices.
Record ethanol output and strong exports increase corn grind and DDGS supply, supporting corn demand while low U.S. ethanol prices are attracting export buyers.
ethanolproducer.comNov 15, 2024After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
