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EIA data show U.S. ethanol production averaged 1.009 million barrels a day, up 29,000 barrels from the prior week and 154,000 above a year ago. Iowa State's CARD says operating margins for the average Iowa plant held near 2023 highs on lower corn prices and solid ethanol demand.
Strong ethanol margins support corn grind and DDGS output, which tightens corn demand and adds feed co-product supply, a mildly bearish corn signal.
brownfieldagnews.comSep 27, 2023After 1,040 past bullish report events, CORN moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
