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U.S. ethanol production averaged 1.143 million barrels per day in the week ending October 30, its highest level since early January, while inventories fell to 24.434 million barrels. Corn harvest progress reached 81% by November 8, below the five-year average of 86%.
Higher ethanol output signals stronger corn grind demand, providing support to corn prices as harvest supplies enter the market.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.