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Brazilian hydrous ethanol prices have risen 38% over three months, according to Sugaronline. The article attributes the rise to a delay in the cane harvest.
Higher ethanol prices raise the value of corn and sugar-based fuel feedstocks and can shift mill economics toward ethanol, tightening cane-based supply. For feed buyers the link to DDGS and corn demand is indirect.
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.