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EIA data show US ethanol production hit a two-month high of 1.024 million barrels per day last week, up 65,000 barrels on the week. Ethanol supply rose while refiner and blender inputs and gasoline supplied both fell.
Higher ethanol output and bullish plant margins point to continued corn grind demand, supporting corn and DDGS availability trends.
brownfieldagnews.comApr 19, 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.
