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U.S. Posts Near Record Weekly Ethanol Production — Market Talk

Grade Bbullish AI signal$CORN
U.S. ethanol production reached its second-highest level on record last week, averaging 1.143 million barrels per day, according to the EIA. Production increased from 1.118 million barrels per day the previous week, while September corn used for ethanol totaled 438 million bushels, down 9% month over month but up 1% year over year. Near-record ethanol production could support continued corn demand, potentially providing a bullish influence on corn futures.

Bullish strength: 65/100

  • Ethanol production increased to 1.143 million barrels per day from 1.118 million the previous week.
  • Weekly production was the second-highest on record.
  • September corn consumption for ethanol was up 1% year over year.

Bearish strength: 35/100

  • September corn crushed for ethanol declined 9% from August.

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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