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U.S. Ethanol Stocks Jump — Market Talk

Grade Bbearish AI signal$CORN
U.S. ethanol inventories jumped by 616,000 barrels to 24.56 million barrels for the week ended Oct. 16, exceeding analysts' expectations. Average daily ethanol production also increased by 23,000 barrels to 1.033 million barrels, while CBOT corn futures remained flat at $4.62 per bushel. Rising ethanol supplies and production could weigh on ethanol prices and may influence corn demand, though the reported corn market showed no midday movement.

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.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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