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U.S. ethanol production fell below one million barrels per day for the first time since mid-June, averaging 996,000 barrels daily in the latest EIA week. Ethanol stocks dropped to their lowest since early January at 20.74 million barrels.
The USDA's next supply and demand report is due October 12.
Lower ethanol output means less corn use and fewer DDGS, adding to corn stocks, though tighter ethanol inventories partly offset that. Plant profitability concerns and the RFS debate add uncertainty.
brownfieldagnews.comJohn PerkinsSep 27, 2017After 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.
