India’s latest oil-marketing-company tender for E20 ethanol received offers with maize accounting for 59%, up 37% year on year in total quantity. Maize prices have doubled from a year earlier, while kharif production is projected to decline 15%, raising concerns about feed costs and poultry prices.
Ethanol demand is competing with feed users for maize as expected production falls, tightening supply and adding upward pressure to feed and poultry costs.
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.
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.