
Green Plains reported third-quarter 2026 adjusted EBITDA of $118 million and an ethanol crush margin of $122.8 million, more than double the year-earlier level. Ethanol sales volume fell to 174.9 million gallons from 197.3 million, while the company recorded $65 million in net value from 45Z tax credits and agreed to monetize its 2026 credits.
Clean-fuel tax credits and improved ethanol margins support U.S. ethanol plant utilization, underpinning corn demand for feedstock. Lower reported sales volumes partly temper that demand signal.
After 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.
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.