
Nebraska and Iowa ethanol producers responded to the EPA's proposal to keep 15 billion gallons of conventional corn-based ethanol unchanged for 2018. Green Plains CEO Todd Becker said the standard gives investors confidence, while critics view the proposal as misguided.
Holding the conventional ethanol mandate at 15 billion gallons supports steady corn grind demand, so the price effect is limited.
After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.