
U.S. ethanol production stayed historically strong in the week ending November 6, averaging 1.13 million barrels per day, 5.1% above a year earlier, according to the EIA. Ethanol inventories fell slightly to 24.3 million barrels but remained 14.2% above the five-year average, while gasoline supplied to the U.S. market slipped 0.5% and sat 2.9% below last year.
Strong ethanol output keeps corn grind and corn demand firm, but softer gasoline consumption and elevated stocks cap how much further output can grow, which limits upside for corn prices.
After 775 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.