
Green Plains reported third-quarter adjusted EBITDA of $118 million and net income of $85.4 million, with platform utilization at 95% across eight plants. Section 45Z tax credits contributed $65.4 million, while ethanol sales were 174.9 million gallons, down from 197.3 million a year earlier.
The tax credits materially supported the company’s earnings and could encourage continued investment in low-carbon fuel production. Recovering plant utilization supports corn processing demand, though lower year-on-year ethanol sales limit the signal for feedstock prices.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.