U.S. Ethanol Stocks Jump — Market Talk
Bullish strength: 35/100
- Higher ethanol production could support demand for corn as a feedstock.
Bearish strength: 65/100
- Ethanol inventories increased by 616,000 barrels, exceeding analysts' expectations of 23.7 million to 23.9 million barrels.
- Average daily ethanol production rose to 1.033 million barrels, adding to available supply.
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