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USDA data showed 454.987 million bushels of corn used for ethanol in November 2023, down 1% from October but up 1% year over year. DDGS production was 1,796,675 tons, also down 1% month over month and up 1% year over year.
Steady ethanol grind and DDGS output keep co-product supply ample, which tends to cap DDGS prices and supports feed buyers' costs.
1230kfjb.comAshley AndersonJan 3, 2024After 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.
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.
