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USDA's September Grain Crushings and Co-Products Production report shows corn used for fuel alcohol rose to 454 million bushels in July, up 3% from June and 2% year over year. DDGS production at dry mills expanded to 404,109 tons, and total DDGS output with solubles fell to 1.78 million tons.
Steady ethanol grind supports DDGS supply and corn demand, though the July data is a routine monthly release with limited price impact.
mnbiofuels.orgLiliana TovarSep 26, 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.
