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EIA data showed U.S. ethanol production averaged 1.094 million barrels per day in the latest week, the highest since October 2021. Ethanol stocks rose to an 11-week high of 23.228 million barrels, and the U.S. has imported no ethanol for 33 straight weeks.
Operating margins stayed positive according to Iowa State's CARD.
Strong ethanol output signals robust corn grind and DDGS supply, which supports corn demand and keeps co-product supplies ample for feed buyers.
brownfieldagnews.comJul 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.
