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India is reportedly reducing its E20 ethanol blending ambitions for the 2026/27 ethanol year, with blending expected to fall to 15–17%. A weak monsoon, sharply higher local corn and sugar prices, and lower government purchase prices for corn-based ethanol are driving the change.
Less corn going to distilleries leaves more for animal feed, but a drought-hit crop that could fall up to 15% keeps Indian feed supplies tight and supports global corn prices, even though EU and Black Sea spot corn remains weak.
commodity-board.comNov 4, 2026After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
