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EIA data showed US ethanol production averaged 1.067 million barrels a day, down 42,000 barrels from the prior week's record. Ethanol exports averaged a record 210,000 barrels a day, and stocks were 23.767 million barrels.
Record ethanol exports and steady output support corn grind demand and DDGS availability, a mildly bullish signal for corn and feed co-products.
brownfieldagnews.comJohn PerkinsAug 7, 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.
