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The EIA reported US ethanol output averaged 1.13 million bpd in the week ending Nov. 6.
Oil prices rose on Trump's comments despite rising supply and inventory concerns, and USDA follow-up reports to the WASDE were due that afternoon.
Steady ethanol output keeps corn demand from that channel stable. Oil-driven moves in gasoline and diesel also feed into ethanol and biofuel margins.
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.