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EIA data showed US ethanol production rose to 1.081 million barrels per day, while ethanol stocks fell to 22.223 million barrels. Exports dropped 34,000 bpd to 106,000 bpd.
Higher ethanol output with falling stocks signals firm demand and healthy crush margins, supporting corn demand and DDGS supply.
biofuelsdigest.comMeghan SappOct 24, 2024After 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.
