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US ethanol production fell slightly to an average of 1.028 million barrels a day in the week ending December 23, down 8,000 barrels on the week and 12,000 below the record set December 9. Ethanol stocks dropped 377,000 barrels to 18.683 million, the first dip below 19 million since early December.
Production holding above one million barrels a day keeps corn grind and DDGS output strong, while falling stocks signal firm demand.
brownfieldagnews.comJohn PerkinsDec 29, 2016After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
