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U.S. ethanol output averaged 951,000 barrels per day in the four weeks ended April 9, 6.6% below the 2017-2019 average for the period. The figure is a post-pandemic best, though still below normal levels.
Ethanol output near recent post-pandemic highs supports corn grind and DDGS supply, with a slight bullish tilt for corn demand.
reuters.comKaren BraunApr 15, 2021After 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.
