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US fuel ethanol inventories fell 89,000 barrels to 24.3 million barrels in the week ended November 6, according to the EIA. Stocks were 9.6% above the year-earlier level, and fuel ethanol exports averaged 140,000 barrels per day, down about 5% week on week.
Inventories well above last year's level and softer exports point to ample ethanol supply, which is mildly bearish for ethanol prices and limits near-term corn demand from the ethanol sector.
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.