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US ethanol output fell in the latest EIA weekly data and remains well below year-earlier levels. Poor margins are slowing production, and reports suggest China may be returning to the US ethanol market.
Lower ethanol output reduces corn grind and DDGS supply. Renewed Chinese buying could support export demand for US ethanol and DDGS.
reuters.comKaren BraunJan 28, 2021After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
