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The EIA reported U.S. ethanol production averaged 994,000 barrels a day in the latest week, the lowest since May, as seasonal maintenance limited output for a second straight week. Ethanol stocks were 23.5 million barrels, 261,000 lower on the week but 1.476 million above a year earlier.
Ethanol exports averaged 87,000 barrels a day.
Lower ethanol output reduces near-term corn grind and co-product supply, which is a mildly bearish signal for corn and DDGS. The effect is modest because stocks remain above last year and margins are positive.
brownfieldagnews.comJohn PerkinsSep 25, 2024Not 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.
