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Maize accounted for 59% of offers in India's latest E20 ethanol tender, compared with 45% a year earlier. The increase came as maize prices doubled and kharif output was projected to fall by about 15%.
Greater maize use for ethanol competes with poultry-feed demand, while a smaller projected harvest tightens supply further. These factors point to upward pressure on Indian maize and feed 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.
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.