Loading…

US ethanol inventories fell for a third consecutive week, dropping 89,000 barrels to 24.3 million barrels in the week ended November 6. Daily production decreased 13,000 barrels to 1.13 million barrels, below analyst expectations.
Falling inventories and output tighten near-term ethanol supply, which could modestly support ethanol prices and corn demand from ethanol plants. The moves are small, so the effect is limited.
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.