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U.S. ethanol production averaged 931,000 barrels per day in the latest EIA week, down 27,000 on the week and 109,000 below a year earlier. Ethanol stocks rose 74,000 barrels to 20.346 million.
DDGS sales in June rose 47% on the month to 883,193 tons, with Thailand taking about a quarter.
Lower ethanol output reduces corn grind and DDGS supply, which eases pressure on corn demand. The strong June DDGS export sales offset some of that supply tightening.
brownfieldagnews.comAug 5, 2020After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
