
Green Plains reported third-quarter earnings of $1.03 per share, beating consensus by $0.47, while revenue fell 2.5% year over year. Adjusted EBITDA reached a record $118 million, including $65 million from 45Z credits; the company also reported about 95% production utilization and raised its 2026 carbon-platform EBITDA outlook to $230 million–$250 million.
45Z credits improve the economics of ethanol and related corn processing, potentially supporting US corn demand. The update is company-specific, so any grain-price effect is likely limited.
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.