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U.S. fuel ethanol production in 2016 totaled 15.329 billion gallons, a 3.5% increase over 2015 and the highest annual level on record. Iowa led state output with 26.1% of national production, followed by Nebraska at 13.8%.
Record ethanol output keeps corn grind demand strong and supports DDGS supply, a feed co-product that competes with soybean meal on price.
morningagclips.comMar 12, 2017After 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.
