◂ Event Timeline

Feb 8, 2024REPORTUS

WASDE maintains forecast for corn use in ethanol, corn prices

Ethanol Producer Magazine reported on February 8, 2024 that the February WASDE maintained its forecast for corn use in ethanol and for corn prices. The article text provided contains only the headline and byline.

WHY IT MATTERS

An unchanged ethanol grind and corn price outlook signals no new demand shift for corn, so feed buyers should see little change in corn pricing from this report.

AFFECTSCorn◆

SOURCE
ethanolproducer.comFeb 8, 2024

Price reaction & history

Corn◆neutralSO FAR1d -0.1%5d -1.4%20d +1.6%

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.

Jun 7, 2023USDA Maintains Forecast for FY 2023 Ethanol Exports+3.6%
Dec 17, 2019Economics, Expectations and Exports | Ethanol Producer Magazine+0.4%
Jul 16, 2024CoBank Maintains Positive Outlook for Ethanol+3.0%
Jun 12, 2024EIA: Ethanol production down 5%, stocks up 1%, exports up 2% | Ethanol Producer Magazine-0.1%
May 9, 2024EIA: Ethanol production down 2%, stocks down 5%, exports up 131% | Ethanol Producer Magazine+2.7%

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.

Corn CORN · GP ▸

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