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The EIA reported that US ethanol production fell 5%, stocks rose 1% and exports rose 2% in the latest weekly data. The item is a headline summary with no further detail in the text.
Lower weekly ethanol output reduces DDGS and corn grind demand, while rising stocks signal softer ethanol demand, mildly bearish for DDGS.
ethanolproducer.comJun 12, 2024Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
