diff --git a/bedrock/analysis/ghg_fbs_pin/upstream_inputs_pin.json b/bedrock/analysis/ghg_fbs_pin/upstream_inputs_pin.json
index bd48768bb..5e75a6dbe 100644
--- a/bedrock/analysis/ghg_fbs_pin/upstream_inputs_pin.json
+++ b/bedrock/analysis/ghg_fbs_pin/upstream_inputs_pin.json
@@ -5,105 +5,105 @@
   "methods": {
     "GHG_national_Cornerstone_2017": {
       "fbs": {
-        "Energy_manufacturing_national_nowcast_2017": "Energy_manufacturing_national_nowcast_2017_v1.0.0_8365fa4.parquet",
-        "Energy_highway_fuel_shares_national_2017": "Energy_highway_fuel_shares_national_2017_v1.0.0_8365fa4.parquet",
-        "Energy_industrial_distillate_national_2017": "Energy_industrial_distillate_national_2017_v1.0.0_8365fa4.parquet"
+        "Energy_manufacturing_national_nowcast_2017": "Energy_manufacturing_national_nowcast_2017_v1.0.0_fd271dc.parquet",
+        "Energy_highway_fuel_shares_national_2017": "Energy_highway_fuel_shares_national_2017_v1.0.0_fd271dc.parquet",
+        "Energy_industrial_distillate_national_2017": "Energy_industrial_distillate_national_2017_v1.0.0_fd271dc.parquet"
       },
       "nowcast_mut": {
         "year": 2017,
         "stage": "after",
-        "vintage": "v1.0.0_8365fa4",
+        "vintage": "v1.0.0_fd271dc",
         "tables": ["Make", "Use", "Import", "Margins"]
       }
     },
     "GHG_national_Cornerstone_2018": {
       "fbs": {
-        "Energy_manufacturing_national_nowcast_2018": "Energy_manufacturing_national_nowcast_2018_v1.0.0_8365fa4.parquet",
-        "Energy_highway_fuel_shares_national_2018": "Energy_highway_fuel_shares_national_2018_v1.0.0_8365fa4.parquet",
-        "Energy_industrial_distillate_national_2018": "Energy_industrial_distillate_national_2018_v1.0.0_8365fa4.parquet"
+        "Energy_manufacturing_national_nowcast_2018": "Energy_manufacturing_national_nowcast_2018_v1.0.0_fd271dc.parquet",
+        "Energy_highway_fuel_shares_national_2018": "Energy_highway_fuel_shares_national_2018_v1.0.0_fd271dc.parquet",
+        "Energy_industrial_distillate_national_2018": "Energy_industrial_distillate_national_2018_v1.0.0_fd271dc.parquet"
       },
       "nowcast_mut": {
         "year": 2018,
         "stage": "after",
-        "vintage": "v1.0.0_8365fa4",
+        "vintage": "v1.0.0_fd271dc",
         "tables": ["Make", "Use", "Import", "Margins"]
       }
     },
     "GHG_national_Cornerstone_2019": {
       "fbs": {
-        "Energy_manufacturing_national_nowcast_2019": "Energy_manufacturing_national_nowcast_2019_v1.0.0_8365fa4.parquet",
-        "Energy_highway_fuel_shares_national_2019": "Energy_highway_fuel_shares_national_2019_v1.0.0_8365fa4.parquet",
-        "Energy_industrial_distillate_national_2019": "Energy_industrial_distillate_national_2019_v1.0.0_8365fa4.parquet"
+        "Energy_manufacturing_national_nowcast_2019": "Energy_manufacturing_national_nowcast_2019_v1.0.0_fd271dc.parquet",
+        "Energy_highway_fuel_shares_national_2019": "Energy_highway_fuel_shares_national_2019_v1.0.0_fd271dc.parquet",
+        "Energy_industrial_distillate_national_2019": "Energy_industrial_distillate_national_2019_v1.0.0_fd271dc.parquet"
       },
       "nowcast_mut": {
         "year": 2019,
         "stage": "after",
-        "vintage": "v1.0.0_8365fa4",
+        "vintage": "v1.0.0_fd271dc",
         "tables": ["Make", "Use", "Import", "Margins"]
       }
     },
     "GHG_national_Cornerstone_2020": {
       "fbs": {
-        "Energy_manufacturing_national_nowcast_2020": "Energy_manufacturing_national_nowcast_2020_v1.0.0_8365fa4.parquet",
-        "Energy_highway_fuel_shares_national_2020": "Energy_highway_fuel_shares_national_2020_v1.0.0_8365fa4.parquet",
-        "Energy_industrial_distillate_national_2020": "Energy_industrial_distillate_national_2020_v1.0.0_8365fa4.parquet"
+        "Energy_manufacturing_national_nowcast_2020": "Energy_manufacturing_national_nowcast_2020_v1.0.0_fd271dc.parquet",
+        "Energy_highway_fuel_shares_national_2020": "Energy_highway_fuel_shares_national_2020_v1.0.0_fd271dc.parquet",
+        "Energy_industrial_distillate_national_2020": "Energy_industrial_distillate_national_2020_v1.0.0_fd271dc.parquet"
       },
       "nowcast_mut": {
         "year": 2020,
         "stage": "after",
-        "vintage": "v1.0.0_8365fa4",
+        "vintage": "v1.0.0_fd271dc",
         "tables": ["Make", "Use", "Import", "Margins"]
       }
     },
     "GHG_national_Cornerstone_2021": {
       "fbs": {
-        "Energy_manufacturing_national_nowcast_2021": "Energy_manufacturing_national_nowcast_2021_v1.0.0_8365fa4.parquet",
-        "Energy_highway_fuel_shares_national_2021": "Energy_highway_fuel_shares_national_2021_v1.0.0_8365fa4.parquet",
-        "Energy_industrial_distillate_national_2021": "Energy_industrial_distillate_national_2021_v1.0.0_8365fa4.parquet"
+        "Energy_manufacturing_national_nowcast_2021": "Energy_manufacturing_national_nowcast_2021_v1.0.0_fd271dc.parquet",
+        "Energy_highway_fuel_shares_national_2021": "Energy_highway_fuel_shares_national_2021_v1.0.0_fd271dc.parquet",
+        "Energy_industrial_distillate_national_2021": "Energy_industrial_distillate_national_2021_v1.0.0_fd271dc.parquet"
       },
       "nowcast_mut": {
         "year": 2021,
         "stage": "after",
-        "vintage": "v1.0.0_8365fa4",
+        "vintage": "v1.0.0_fd271dc",
         "tables": ["Make", "Use", "Import", "Margins"]
       }
     },
     "GHG_national_Cornerstone_2022": {
       "fbs": {
-        "Energy_manufacturing_national_nowcast_2022": "Energy_manufacturing_national_nowcast_2022_v1.0.0_8365fa4.parquet",
-        "Energy_highway_fuel_shares_national_2022": "Energy_highway_fuel_shares_national_2022_v1.0.0_8365fa4.parquet",
-        "Energy_industrial_distillate_national_2022": "Energy_industrial_distillate_national_2022_v1.0.0_8365fa4.parquet"
+        "Energy_manufacturing_national_nowcast_2022": "Energy_manufacturing_national_nowcast_2022_v1.0.0_fd271dc.parquet",
+        "Energy_highway_fuel_shares_national_2022": "Energy_highway_fuel_shares_national_2022_v1.0.0_fd271dc.parquet",
+        "Energy_industrial_distillate_national_2022": "Energy_industrial_distillate_national_2022_v1.0.0_fd271dc.parquet"
       },
       "nowcast_mut": {
         "year": 2022,
         "stage": "after",
-        "vintage": "v1.0.0_8365fa4",
+        "vintage": "v1.0.0_fd271dc",
         "tables": ["Make", "Use", "Import", "Margins"]
       }
     },
     "GHG_national_Cornerstone_2023": {
       "fbs": {
-        "Energy_manufacturing_national_nowcast_2023": "Energy_manufacturing_national_nowcast_2023_v1.0.0_8365fa4.parquet",
-        "Energy_highway_fuel_shares_national_2023": "Energy_highway_fuel_shares_national_2023_v1.0.0_8365fa4.parquet",
-        "Energy_industrial_distillate_national_2023": "Energy_industrial_distillate_national_2023_v1.0.0_8365fa4.parquet"
+        "Energy_manufacturing_national_nowcast_2023": "Energy_manufacturing_national_nowcast_2023_v1.0.0_fd271dc.parquet",
+        "Energy_highway_fuel_shares_national_2023": "Energy_highway_fuel_shares_national_2023_v1.0.0_fd271dc.parquet",
+        "Energy_industrial_distillate_national_2023": "Energy_industrial_distillate_national_2023_v1.0.0_fd271dc.parquet"
       },
       "nowcast_mut": {
         "year": 2023,
         "stage": "after",
-        "vintage": "v1.0.0_8365fa4",
+        "vintage": "v1.0.0_fd271dc",
         "tables": ["Make", "Use", "Import", "Margins"]
       }
     },
     "GHG_national_Cornerstone_2024": {
       "fbs": {
-        "Energy_manufacturing_national_nowcast_2024": "Energy_manufacturing_national_nowcast_2024_v1.0.0_8365fa4.parquet",
-        "Energy_highway_fuel_shares_national_2024": "Energy_highway_fuel_shares_national_2024_v1.0.0_8365fa4.parquet",
-        "Energy_industrial_distillate_national_2024": "Energy_industrial_distillate_national_2024_v1.0.0_8365fa4.parquet"
+        "Energy_manufacturing_national_nowcast_2024": "Energy_manufacturing_national_nowcast_2024_v1.0.0_fd271dc.parquet",
+        "Energy_highway_fuel_shares_national_2024": "Energy_highway_fuel_shares_national_2024_v1.0.0_fd271dc.parquet",
+        "Energy_industrial_distillate_national_2024": "Energy_industrial_distillate_national_2024_v1.0.0_fd271dc.parquet"
       },
       "nowcast_mut": {
         "year": 2024,
         "stage": "after",
-        "vintage": "v1.0.0_8365fa4",
+        "vintage": "v1.0.0_fd271dc",
         "tables": ["Make", "Use", "Import", "Margins"]
       }
     }
diff --git a/bedrock/analysis/nowcasting/utilities_expense_seed.py b/bedrock/analysis/nowcasting/utilities_expense_seed.py
index 3e5318277..0464bb434 100644
--- a/bedrock/analysis/nowcasting/utilities_expense_seed.py
+++ b/bedrock/analysis/nowcasting/utilities_expense_seed.py
@@ -174,7 +174,7 @@
 #: PUDL release and revises past years (``v2026.8.0`` to the November release
 #: moved 2024 fuel cost +0.09% and 2016-2024 resale revenue +0.02-0.05%), so
 #: the balanced SUT pin could not be rebuilt in CI.  ``v2026.8.0`` is what
-#: ``v1.0.0_8365fa4`` was built on; move it only with a rebuild and re-pin.
+#: ``v1.0.0_fd271dc`` was built on; move it only with a rebuild and re-pin.
 PUDL = 'https://s3.us-west-2.amazonaws.com/pudl.catalyst.coop/v2026.8.0'
 
 #: EIA form 923, every fuel receipt at every reporting power plant, 2008-2024,
diff --git a/bedrock/analysis/time_series_B_matrix/time_series_matrix_assessment.py b/bedrock/analysis/time_series_B_matrix/time_series_matrix_assessment.py
index 69b04e458..4134f00e6 100644
--- a/bedrock/analysis/time_series_B_matrix/time_series_matrix_assessment.py
+++ b/bedrock/analysis/time_series_B_matrix/time_series_matrix_assessment.py
@@ -64,8 +64,8 @@
 #: Constant-dollar year for real B/N (and default normalization year).
 DOLLAR_YEAR = 2017
 
-FBS_VINTAGE = 'v1.0.0_8365fa4'
-MUT_VINTAGE = 'v1.0.0_8365fa4'
+FBS_VINTAGE = 'v1.0.0_fd271dc'
+MUT_VINTAGE = 'v1.0.0_fd271dc'
 #: Year-stem GHG FBS basename template (matches ``2026_usa_cornerstone_v1_0_{year}``).
 FBS_STEM = 'GHG_national_Cornerstone_{year}'
 
diff --git a/bedrock/utils/config/__tests__/test_usa_config.py b/bedrock/utils/config/__tests__/test_usa_config.py
index 61ec10182..0938ee3db 100644
--- a/bedrock/utils/config/__tests__/test_usa_config.py
+++ b/bedrock/utils/config/__tests__/test_usa_config.py
@@ -426,7 +426,7 @@ def test_v1_0_yearly_yamls_load(year: int) -> None:
     electricity flags its MUT was built with and the delivery sector.
 
     Named ``2026_usa_cornerstone_v1_0_{year}``. Each member pins
-    ``GHG_national_Cornerstone_{year}_v1.0.0_8365fa4``. The unsuffixed
+    ``GHG_national_Cornerstone_{year}_v1.0.0_fd271dc``. The unsuffixed
     ``2026_usa_cornerstone_v1_0`` (live ``CANONICAL_USA_CONFIG``) matches
     the 2024 series member. ``2025_usa_cornerstone_v0_6`` keeps the
     facilities-transportation 2024 pin for the v0.6 release / waterfall FINAL.
@@ -444,9 +444,9 @@ def test_v1_0_yearly_yamls_load(year: int) -> None:
     assert not cfg.deflate_x_to_detail_io_year_for_B
     assert cfg.bea_price_index_vintage == '2026Q2'
     assert cfg.cornerstone_ghg_fbs_filename == (
-        f'GHG_national_Cornerstone_{year}_v1.0.0_8365fa4.parquet'
+        f'GHG_national_Cornerstone_{year}_v1.0.0_fd271dc.parquet'
     )
-    assert cfg.nowcast_mut_vintage == 'v1.0.0_8365fa4'
+    assert cfg.nowcast_mut_vintage == 'v1.0.0_fd271dc'
     electricity_flags = {
         'electric_output_on_retail_revenue',
         'electricity_accounting_residual',
@@ -457,7 +457,7 @@ def test_v1_0_yearly_yamls_load(year: int) -> None:
         'electricity_delivery_margin',
     }
     assert all(getattr(cfg, flag) for flag in electricity_flags)
-    # Fixes merged 2026-11-10 and 11-11, rebuilt in v1.0.0_8365fa4 (#1249).
+    # Fixes merged 2026-11-10 and 11-11, rebuilt in v1.0.0_fd271dc (#1249).
     rebuild_flags = {
         'fill_withheld_aies_codes',
         'hold_aies_outliers_on_bea',
@@ -466,6 +466,7 @@ def test_v1_0_yearly_yamls_load(year: int) -> None:
         'cap_margins_at_purchase',
         'pin_refinery_secondaries_at_go_mix',
         'air_margin_on_aies_level',
+        'trade_margin_receivers_follow_supply',
     }
     assert all(getattr(cfg, flag) for flag in rebuild_flags)
 
@@ -502,7 +503,7 @@ def test_v1_0_release_yaml_matches_2024_series_member() -> None:
     y2024 = _load_usa_config_from_file_name('2026_usa_cornerstone_v1_0_2024.yaml')
     assert base.model_dump() == y2024.model_dump()
     assert base.cornerstone_ghg_fbs_filename == (
-        'GHG_national_Cornerstone_2024_v1.0.0_8365fa4.parquet'
+        'GHG_national_Cornerstone_2024_v1.0.0_fd271dc.parquet'
     )
     set_global_usa_config('2026_usa_cornerstone_v1_0.yaml')
     assert _select_cornerstone_ghg_fbs_base_name() == 'GHG_national_Cornerstone_2024'
diff --git a/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0.yaml b/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0.yaml
index 972158b5f..4e5c6110d 100644
--- a/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0.yaml
+++ b/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0.yaml
@@ -2,7 +2,7 @@
 #
 # Unsuffixed family release for calendar year 2024. Same resolved fields as
 # 2026_usa_cornerstone_v1_0_2024 (the series member). Detail MUT is the
-# after-redefinition build named by nowcast_mut_vintage: v1.0.0_8365fa4, the
+# after-redefinition build named by nowcast_mut_vintage: v1.0.0_fd271dc, the
 # 2017-2024 rebuild on the 2026 BEA annual update with electric output on EIA's
 # 2017 level and the 2026-11-10 fixes below (#1249). bea_price_index_vintage
 # 2026Q2 is the index those tables were built with. The GHG loader returns
@@ -22,7 +22,7 @@ iot_before_or_after_redefinition: after
 # Data selection
 #####
 usa_detail_io_source: nowcast
-nowcast_mut_vintage: 'v1.0.0_8365fa4'
+nowcast_mut_vintage: 'v1.0.0_fd271dc'
 usa_base_io_data_year: 2024
 usa_ghg_data_year: 2024
 bea_price_index_vintage: '2026Q2'
@@ -30,7 +30,7 @@ bea_price_index_vintage: '2026Q2'
 #####
 # Methodology selection
 #####
-cornerstone_ghg_fbs_filename: GHG_national_Cornerstone_2024_v1.0.0_8365fa4.parquet
+cornerstone_ghg_fbs_filename: GHG_national_Cornerstone_2024_v1.0.0_fd271dc.parquet
 apply_io_year_adjustments: False
 implement_waste_disaggregation: True
 waste_weights_year: match_io
@@ -47,7 +47,7 @@ hold_electric_gas_on_eia: True
 # applied after Step 7.
 electric_output_on_eia_level: True
 electricity_delivery_margin: True
-# Fixes merged 2026-11-10, rebuilt together in v1.0.0_8365fa4 (#1249).
+# Fixes merged 2026-11-10, rebuilt together in v1.0.0_fd271dc (#1249).
 # AIES output chain (#1231): withheld codes, 325190 on BEA, gas distribution.
 fill_withheld_aies_codes: True
 hold_aies_outliers_on_bea: True
@@ -60,3 +60,6 @@ cap_margins_at_purchase: True
 pin_refinery_secondaries_at_go_mix: True
 # Air freight revenue at the AIES level from 2023 (#1251, #1274).
 air_margin_on_aies_level: True
+# Spread each year's trade margin over the goods by their own supply, not by
+# frozen 2017 shares (#1194, #1260).
+trade_margin_receivers_follow_supply: True
diff --git a/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2017.yaml b/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2017.yaml
index 5fc034cb8..e16ee575c 100644
--- a/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2017.yaml
+++ b/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2017.yaml
@@ -1,9 +1,10 @@
 # Cornerstone 2026 model - v1.0, calendar year 2017.
 #
 # Same methodology as 2026_usa_cornerstone_v1_0 for year 2017.
-# nowcast_mut_vintage v1.0.0_8365fa4 is the 2017-2024 rebuild on the 2026 BEA
+# nowcast_mut_vintage v1.0.0_fd271dc is the 2017-2024 rebuild on the 2026 BEA
 # annual update, with electric output on EIA's 2017 level and the 2026-11-10
-# fixes below (#1249).
+# fixes below (#1249), the balance and export fixes of 11-12 (#1270, #1293)
+# and the trade margin receivers (#1194).
 # bea_price_index_vintage 2026Q2 is the index those tables were built with. The
 # GHG loader returns GHG_national_Cornerstone_2017.
 # cornerstone_ghg_fbs_filename names the GCS object loaded for E. When
@@ -21,7 +22,7 @@ iot_before_or_after_redefinition: after
 # Data selection
 #####
 usa_detail_io_source: nowcast
-nowcast_mut_vintage: 'v1.0.0_8365fa4'
+nowcast_mut_vintage: 'v1.0.0_fd271dc'
 usa_base_io_data_year: 2017
 usa_ghg_data_year: 2017
 bea_price_index_vintage: '2026Q2'
@@ -29,7 +30,7 @@ bea_price_index_vintage: '2026Q2'
 #####
 # Methodology selection
 #####
-cornerstone_ghg_fbs_filename: GHG_national_Cornerstone_2017_v1.0.0_8365fa4.parquet
+cornerstone_ghg_fbs_filename: GHG_national_Cornerstone_2017_v1.0.0_fd271dc.parquet
 apply_io_year_adjustments: False
 implement_waste_disaggregation: True
 waste_weights_year: match_io
@@ -46,7 +47,7 @@ hold_electric_gas_on_eia: True
 # applied after Step 7.
 electric_output_on_eia_level: True
 electricity_delivery_margin: True
-# Fixes merged 2026-11-10, rebuilt together in v1.0.0_8365fa4 (#1249).
+# Fixes merged 2026-11-10, rebuilt together in v1.0.0_fd271dc (#1249).
 # AIES output chain (#1231): withheld codes, 325190 on BEA, gas distribution.
 fill_withheld_aies_codes: True
 hold_aies_outliers_on_bea: True
@@ -59,3 +60,6 @@ cap_margins_at_purchase: True
 pin_refinery_secondaries_at_go_mix: True
 # Air freight revenue at the AIES level from 2023 (#1251, #1274).
 air_margin_on_aies_level: True
+# Spread each year's trade margin over the goods by their own supply, not by
+# frozen 2017 shares (#1194, #1260).
+trade_margin_receivers_follow_supply: True
diff --git a/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2018.yaml b/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2018.yaml
index 2f0f9df68..da3586b28 100644
--- a/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2018.yaml
+++ b/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2018.yaml
@@ -1,9 +1,10 @@
 # Cornerstone 2026 model - v1.0, calendar year 2018.
 #
 # Same methodology as 2026_usa_cornerstone_v1_0 for year 2018.
-# nowcast_mut_vintage v1.0.0_8365fa4 is the 2017-2024 rebuild on the 2026 BEA
+# nowcast_mut_vintage v1.0.0_fd271dc is the 2017-2024 rebuild on the 2026 BEA
 # annual update, with electric output on EIA's 2017 level and the 2026-11-10
-# fixes below (#1249).
+# fixes below (#1249), the balance and export fixes of 11-12 (#1270, #1293)
+# and the trade margin receivers (#1194).
 # bea_price_index_vintage 2026Q2 is the index those tables were built with. The
 # GHG loader returns GHG_national_Cornerstone_2018.
 # cornerstone_ghg_fbs_filename names the GCS object loaded for E. When
@@ -21,7 +22,7 @@ iot_before_or_after_redefinition: after
 # Data selection
 #####
 usa_detail_io_source: nowcast
-nowcast_mut_vintage: 'v1.0.0_8365fa4'
+nowcast_mut_vintage: 'v1.0.0_fd271dc'
 usa_base_io_data_year: 2018
 usa_ghg_data_year: 2018
 bea_price_index_vintage: '2026Q2'
@@ -29,7 +30,7 @@ bea_price_index_vintage: '2026Q2'
 #####
 # Methodology selection
 #####
-cornerstone_ghg_fbs_filename: GHG_national_Cornerstone_2018_v1.0.0_8365fa4.parquet
+cornerstone_ghg_fbs_filename: GHG_national_Cornerstone_2018_v1.0.0_fd271dc.parquet
 apply_io_year_adjustments: False
 implement_waste_disaggregation: True
 waste_weights_year: match_io
@@ -46,7 +47,7 @@ hold_electric_gas_on_eia: True
 # applied after Step 7.
 electric_output_on_eia_level: True
 electricity_delivery_margin: True
-# Fixes merged 2026-11-10, rebuilt together in v1.0.0_8365fa4 (#1249).
+# Fixes merged 2026-11-10, rebuilt together in v1.0.0_fd271dc (#1249).
 # AIES output chain (#1231): withheld codes, 325190 on BEA, gas distribution.
 fill_withheld_aies_codes: True
 hold_aies_outliers_on_bea: True
@@ -59,3 +60,6 @@ cap_margins_at_purchase: True
 pin_refinery_secondaries_at_go_mix: True
 # Air freight revenue at the AIES level from 2023 (#1251, #1274).
 air_margin_on_aies_level: True
+# Spread each year's trade margin over the goods by their own supply, not by
+# frozen 2017 shares (#1194, #1260).
+trade_margin_receivers_follow_supply: True
diff --git a/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2019.yaml b/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2019.yaml
index d93475ba9..f1d029b0c 100644
--- a/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2019.yaml
+++ b/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2019.yaml
@@ -1,9 +1,10 @@
 # Cornerstone 2026 model - v1.0, calendar year 2019.
 #
 # Same methodology as 2026_usa_cornerstone_v1_0 for year 2019.
-# nowcast_mut_vintage v1.0.0_8365fa4 is the 2017-2024 rebuild on the 2026 BEA
+# nowcast_mut_vintage v1.0.0_fd271dc is the 2017-2024 rebuild on the 2026 BEA
 # annual update, with electric output on EIA's 2017 level and the 2026-11-10
-# fixes below (#1249).
+# fixes below (#1249), the balance and export fixes of 11-12 (#1270, #1293)
+# and the trade margin receivers (#1194).
 # bea_price_index_vintage 2026Q2 is the index those tables were built with. The
 # GHG loader returns GHG_national_Cornerstone_2019.
 # cornerstone_ghg_fbs_filename names the GCS object loaded for E. When
@@ -21,7 +22,7 @@ iot_before_or_after_redefinition: after
 # Data selection
 #####
 usa_detail_io_source: nowcast
-nowcast_mut_vintage: 'v1.0.0_8365fa4'
+nowcast_mut_vintage: 'v1.0.0_fd271dc'
 usa_base_io_data_year: 2019
 usa_ghg_data_year: 2019
 bea_price_index_vintage: '2026Q2'
@@ -29,7 +30,7 @@ bea_price_index_vintage: '2026Q2'
 #####
 # Methodology selection
 #####
-cornerstone_ghg_fbs_filename: GHG_national_Cornerstone_2019_v1.0.0_8365fa4.parquet
+cornerstone_ghg_fbs_filename: GHG_national_Cornerstone_2019_v1.0.0_fd271dc.parquet
 apply_io_year_adjustments: False
 implement_waste_disaggregation: True
 waste_weights_year: match_io
@@ -46,7 +47,7 @@ hold_electric_gas_on_eia: True
 # applied after Step 7.
 electric_output_on_eia_level: True
 electricity_delivery_margin: True
-# Fixes merged 2026-11-10, rebuilt together in v1.0.0_8365fa4 (#1249).
+# Fixes merged 2026-11-10, rebuilt together in v1.0.0_fd271dc (#1249).
 # AIES output chain (#1231): withheld codes, 325190 on BEA, gas distribution.
 fill_withheld_aies_codes: True
 hold_aies_outliers_on_bea: True
@@ -59,3 +60,6 @@ cap_margins_at_purchase: True
 pin_refinery_secondaries_at_go_mix: True
 # Air freight revenue at the AIES level from 2023 (#1251, #1274).
 air_margin_on_aies_level: True
+# Spread each year's trade margin over the goods by their own supply, not by
+# frozen 2017 shares (#1194, #1260).
+trade_margin_receivers_follow_supply: True
diff --git a/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2020.yaml b/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2020.yaml
index 12b51b1da..be628e59d 100644
--- a/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2020.yaml
+++ b/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2020.yaml
@@ -1,9 +1,10 @@
 # Cornerstone 2026 model - v1.0, calendar year 2020.
 #
 # Same methodology as 2026_usa_cornerstone_v1_0 for year 2020.
-# nowcast_mut_vintage v1.0.0_8365fa4 is the 2017-2024 rebuild on the 2026 BEA
+# nowcast_mut_vintage v1.0.0_fd271dc is the 2017-2024 rebuild on the 2026 BEA
 # annual update, with electric output on EIA's 2017 level and the 2026-11-10
-# fixes below (#1249).
+# fixes below (#1249), the balance and export fixes of 11-12 (#1270, #1293)
+# and the trade margin receivers (#1194).
 # bea_price_index_vintage 2026Q2 is the index those tables were built with. The
 # GHG loader returns GHG_national_Cornerstone_2020.
 # cornerstone_ghg_fbs_filename names the GCS object loaded for E. When
@@ -21,7 +22,7 @@ iot_before_or_after_redefinition: after
 # Data selection
 #####
 usa_detail_io_source: nowcast
-nowcast_mut_vintage: 'v1.0.0_8365fa4'
+nowcast_mut_vintage: 'v1.0.0_fd271dc'
 usa_base_io_data_year: 2020
 usa_ghg_data_year: 2020
 bea_price_index_vintage: '2026Q2'
@@ -29,7 +30,7 @@ bea_price_index_vintage: '2026Q2'
 #####
 # Methodology selection
 #####
-cornerstone_ghg_fbs_filename: GHG_national_Cornerstone_2020_v1.0.0_8365fa4.parquet
+cornerstone_ghg_fbs_filename: GHG_national_Cornerstone_2020_v1.0.0_fd271dc.parquet
 apply_io_year_adjustments: False
 implement_waste_disaggregation: True
 waste_weights_year: match_io
@@ -46,7 +47,7 @@ hold_electric_gas_on_eia: True
 # applied after Step 7.
 electric_output_on_eia_level: True
 electricity_delivery_margin: True
-# Fixes merged 2026-11-10, rebuilt together in v1.0.0_8365fa4 (#1249).
+# Fixes merged 2026-11-10, rebuilt together in v1.0.0_fd271dc (#1249).
 # AIES output chain (#1231): withheld codes, 325190 on BEA, gas distribution.
 fill_withheld_aies_codes: True
 hold_aies_outliers_on_bea: True
@@ -59,3 +60,6 @@ cap_margins_at_purchase: True
 pin_refinery_secondaries_at_go_mix: True
 # Air freight revenue at the AIES level from 2023 (#1251, #1274).
 air_margin_on_aies_level: True
+# Spread each year's trade margin over the goods by their own supply, not by
+# frozen 2017 shares (#1194, #1260).
+trade_margin_receivers_follow_supply: True
diff --git a/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2021.yaml b/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2021.yaml
index f6004b24b..dd30a2378 100644
--- a/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2021.yaml
+++ b/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2021.yaml
@@ -1,9 +1,10 @@
 # Cornerstone 2026 model - v1.0, calendar year 2021.
 #
 # Same methodology as 2026_usa_cornerstone_v1_0 for year 2021.
-# nowcast_mut_vintage v1.0.0_8365fa4 is the 2017-2024 rebuild on the 2026 BEA
+# nowcast_mut_vintage v1.0.0_fd271dc is the 2017-2024 rebuild on the 2026 BEA
 # annual update, with electric output on EIA's 2017 level and the 2026-11-10
-# fixes below (#1249).
+# fixes below (#1249), the balance and export fixes of 11-12 (#1270, #1293)
+# and the trade margin receivers (#1194).
 # bea_price_index_vintage 2026Q2 is the index those tables were built with. The
 # GHG loader returns GHG_national_Cornerstone_2021.
 # cornerstone_ghg_fbs_filename names the GCS object loaded for E. When
@@ -21,7 +22,7 @@ iot_before_or_after_redefinition: after
 # Data selection
 #####
 usa_detail_io_source: nowcast
-nowcast_mut_vintage: 'v1.0.0_8365fa4'
+nowcast_mut_vintage: 'v1.0.0_fd271dc'
 usa_base_io_data_year: 2021
 usa_ghg_data_year: 2021
 bea_price_index_vintage: '2026Q2'
@@ -29,7 +30,7 @@ bea_price_index_vintage: '2026Q2'
 #####
 # Methodology selection
 #####
-cornerstone_ghg_fbs_filename: GHG_national_Cornerstone_2021_v1.0.0_8365fa4.parquet
+cornerstone_ghg_fbs_filename: GHG_national_Cornerstone_2021_v1.0.0_fd271dc.parquet
 apply_io_year_adjustments: False
 implement_waste_disaggregation: True
 waste_weights_year: match_io
@@ -46,7 +47,7 @@ hold_electric_gas_on_eia: True
 # applied after Step 7.
 electric_output_on_eia_level: True
 electricity_delivery_margin: True
-# Fixes merged 2026-11-10, rebuilt together in v1.0.0_8365fa4 (#1249).
+# Fixes merged 2026-11-10, rebuilt together in v1.0.0_fd271dc (#1249).
 # AIES output chain (#1231): withheld codes, 325190 on BEA, gas distribution.
 fill_withheld_aies_codes: True
 hold_aies_outliers_on_bea: True
@@ -59,3 +60,6 @@ cap_margins_at_purchase: True
 pin_refinery_secondaries_at_go_mix: True
 # Air freight revenue at the AIES level from 2023 (#1251, #1274).
 air_margin_on_aies_level: True
+# Spread each year's trade margin over the goods by their own supply, not by
+# frozen 2017 shares (#1194, #1260).
+trade_margin_receivers_follow_supply: True
diff --git a/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2022.yaml b/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2022.yaml
index 8d94adec3..7a9b55899 100644
--- a/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2022.yaml
+++ b/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2022.yaml
@@ -1,9 +1,10 @@
 # Cornerstone 2026 model - v1.0, calendar year 2022.
 #
 # Same methodology as 2026_usa_cornerstone_v1_0 for year 2022.
-# nowcast_mut_vintage v1.0.0_8365fa4 is the 2017-2024 rebuild on the 2026 BEA
+# nowcast_mut_vintage v1.0.0_fd271dc is the 2017-2024 rebuild on the 2026 BEA
 # annual update, with electric output on EIA's 2017 level and the 2026-11-10
-# fixes below (#1249).
+# fixes below (#1249), the balance and export fixes of 11-12 (#1270, #1293)
+# and the trade margin receivers (#1194).
 # bea_price_index_vintage 2026Q2 is the index those tables were built with. The
 # GHG loader returns GHG_national_Cornerstone_2022.
 # cornerstone_ghg_fbs_filename names the GCS object loaded for E. When
@@ -21,7 +22,7 @@ iot_before_or_after_redefinition: after
 # Data selection
 #####
 usa_detail_io_source: nowcast
-nowcast_mut_vintage: 'v1.0.0_8365fa4'
+nowcast_mut_vintage: 'v1.0.0_fd271dc'
 usa_base_io_data_year: 2022
 usa_ghg_data_year: 2022
 bea_price_index_vintage: '2026Q2'
@@ -29,7 +30,7 @@ bea_price_index_vintage: '2026Q2'
 #####
 # Methodology selection
 #####
-cornerstone_ghg_fbs_filename: GHG_national_Cornerstone_2022_v1.0.0_8365fa4.parquet
+cornerstone_ghg_fbs_filename: GHG_national_Cornerstone_2022_v1.0.0_fd271dc.parquet
 apply_io_year_adjustments: False
 implement_waste_disaggregation: True
 waste_weights_year: match_io
@@ -46,7 +47,7 @@ hold_electric_gas_on_eia: True
 # applied after Step 7.
 electric_output_on_eia_level: True
 electricity_delivery_margin: True
-# Fixes merged 2026-11-10, rebuilt together in v1.0.0_8365fa4 (#1249).
+# Fixes merged 2026-11-10, rebuilt together in v1.0.0_fd271dc (#1249).
 # AIES output chain (#1231): withheld codes, 325190 on BEA, gas distribution.
 fill_withheld_aies_codes: True
 hold_aies_outliers_on_bea: True
@@ -59,3 +60,6 @@ cap_margins_at_purchase: True
 pin_refinery_secondaries_at_go_mix: True
 # Air freight revenue at the AIES level from 2023 (#1251, #1274).
 air_margin_on_aies_level: True
+# Spread each year's trade margin over the goods by their own supply, not by
+# frozen 2017 shares (#1194, #1260).
+trade_margin_receivers_follow_supply: True
diff --git a/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2023.yaml b/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2023.yaml
index 6ed12d81e..9cf338449 100644
--- a/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2023.yaml
+++ b/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2023.yaml
@@ -1,9 +1,10 @@
 # Cornerstone 2026 model - v1.0, calendar year 2023.
 #
 # Same methodology as 2026_usa_cornerstone_v1_0 for year 2023.
-# nowcast_mut_vintage v1.0.0_8365fa4 is the 2017-2024 rebuild on the 2026 BEA
+# nowcast_mut_vintage v1.0.0_fd271dc is the 2017-2024 rebuild on the 2026 BEA
 # annual update, with electric output on EIA's 2017 level and the 2026-11-10
-# fixes below (#1249).
+# fixes below (#1249), the balance and export fixes of 11-12 (#1270, #1293)
+# and the trade margin receivers (#1194).
 # bea_price_index_vintage 2026Q2 is the index those tables were built with. The
 # GHG loader returns GHG_national_Cornerstone_2023.
 # cornerstone_ghg_fbs_filename names the GCS object loaded for E. When
@@ -21,7 +22,7 @@ iot_before_or_after_redefinition: after
 # Data selection
 #####
 usa_detail_io_source: nowcast
-nowcast_mut_vintage: 'v1.0.0_8365fa4'
+nowcast_mut_vintage: 'v1.0.0_fd271dc'
 usa_base_io_data_year: 2023
 usa_ghg_data_year: 2023
 bea_price_index_vintage: '2026Q2'
@@ -29,7 +30,7 @@ bea_price_index_vintage: '2026Q2'
 #####
 # Methodology selection
 #####
-cornerstone_ghg_fbs_filename: GHG_national_Cornerstone_2023_v1.0.0_8365fa4.parquet
+cornerstone_ghg_fbs_filename: GHG_national_Cornerstone_2023_v1.0.0_fd271dc.parquet
 apply_io_year_adjustments: False
 implement_waste_disaggregation: True
 waste_weights_year: match_io
@@ -46,7 +47,7 @@ hold_electric_gas_on_eia: True
 # applied after Step 7.
 electric_output_on_eia_level: True
 electricity_delivery_margin: True
-# Fixes merged 2026-11-10, rebuilt together in v1.0.0_8365fa4 (#1249).
+# Fixes merged 2026-11-10, rebuilt together in v1.0.0_fd271dc (#1249).
 # AIES output chain (#1231): withheld codes, 325190 on BEA, gas distribution.
 fill_withheld_aies_codes: True
 hold_aies_outliers_on_bea: True
@@ -59,3 +60,6 @@ cap_margins_at_purchase: True
 pin_refinery_secondaries_at_go_mix: True
 # Air freight revenue at the AIES level from 2023 (#1251, #1274).
 air_margin_on_aies_level: True
+# Spread each year's trade margin over the goods by their own supply, not by
+# frozen 2017 shares (#1194, #1260).
+trade_margin_receivers_follow_supply: True
diff --git a/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2024.yaml b/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2024.yaml
index 0f8850589..7c08996ba 100644
--- a/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2024.yaml
+++ b/bedrock/utils/config/configs/2026_usa_cornerstone_v1_0_2024.yaml
@@ -1,9 +1,10 @@
 # Cornerstone 2026 model - v1.0, calendar year 2024.
 #
 # Same methodology as 2026_usa_cornerstone_v1_0 for year 2024.
-# nowcast_mut_vintage v1.0.0_8365fa4 is the 2017-2024 rebuild on the 2026 BEA
+# nowcast_mut_vintage v1.0.0_fd271dc is the 2017-2024 rebuild on the 2026 BEA
 # annual update, with electric output on EIA's 2017 level and the 2026-11-10
-# fixes below (#1249).
+# fixes below (#1249), the balance and export fixes of 11-12 (#1270, #1293)
+# and the trade margin receivers (#1194).
 # bea_price_index_vintage 2026Q2 is the index those tables were built with. The
 # GHG loader returns GHG_national_Cornerstone_2024.
 # cornerstone_ghg_fbs_filename names the GCS object loaded for E. When
@@ -21,7 +22,7 @@ iot_before_or_after_redefinition: after
 # Data selection
 #####
 usa_detail_io_source: nowcast
-nowcast_mut_vintage: 'v1.0.0_8365fa4'
+nowcast_mut_vintage: 'v1.0.0_fd271dc'
 usa_base_io_data_year: 2024
 usa_ghg_data_year: 2024
 bea_price_index_vintage: '2026Q2'
@@ -29,7 +30,7 @@ bea_price_index_vintage: '2026Q2'
 #####
 # Methodology selection
 #####
-cornerstone_ghg_fbs_filename: GHG_national_Cornerstone_2024_v1.0.0_8365fa4.parquet
+cornerstone_ghg_fbs_filename: GHG_national_Cornerstone_2024_v1.0.0_fd271dc.parquet
 apply_io_year_adjustments: False
 implement_waste_disaggregation: True
 waste_weights_year: match_io
@@ -46,7 +47,7 @@ hold_electric_gas_on_eia: True
 # applied after Step 7.
 electric_output_on_eia_level: True
 electricity_delivery_margin: True
-# Fixes merged 2026-11-10, rebuilt together in v1.0.0_8365fa4 (#1249).
+# Fixes merged 2026-11-10, rebuilt together in v1.0.0_fd271dc (#1249).
 # AIES output chain (#1231): withheld codes, 325190 on BEA, gas distribution.
 fill_withheld_aies_codes: True
 hold_aies_outliers_on_bea: True
@@ -59,3 +60,6 @@ cap_margins_at_purchase: True
 pin_refinery_secondaries_at_go_mix: True
 # Air freight revenue at the AIES level from 2023 (#1251, #1274).
 air_margin_on_aies_level: True
+# Spread each year's trade margin over the goods by their own supply, not by
+# frozen 2017 shares (#1194, #1260).
+trade_margin_receivers_follow_supply: True
diff --git a/bedrock/utils/snapshots/cornerstone_ghg_fbs_2024_pin.json b/bedrock/utils/snapshots/cornerstone_ghg_fbs_2024_pin.json
index 3f8499fc0..e09f809ee 100644
--- a/bedrock/utils/snapshots/cornerstone_ghg_fbs_2024_pin.json
+++ b/bedrock/utils/snapshots/cornerstone_ghg_fbs_2024_pin.json
@@ -2,6 +2,6 @@
   "method": "GHG_national_Cornerstone_2024",
   "usa_config": "2026_usa_cornerstone_v1_0",
   "gcs_sub_bucket": "transform/output_data",
-  "filename": "GHG_national_Cornerstone_2024_v1.0.0_8365fa4.parquet",
-  "sha256": "067cd99beb43b586e26135387d4bd273ad98812e8684a1e3e43e60f1aa88d4d1"
+  "filename": "GHG_national_Cornerstone_2024_v1.0.0_fd271dc.parquet",
+  "sha256": "f846719311e07765a06f7b0ce1cd6f0e09bc48caf51bd9ab3238d7a6de148b5d"
 }
diff --git a/bedrock/utils/snapshots/nowcast_balanced_sut_2024_pin.json b/bedrock/utils/snapshots/nowcast_balanced_sut_2024_pin.json
index 1bb9afdc1..7a2419fbf 100644
--- a/bedrock/utils/snapshots/nowcast_balanced_sut_2024_pin.json
+++ b/bedrock/utils/snapshots/nowcast_balanced_sut_2024_pin.json
@@ -4,12 +4,12 @@
   "usa_config": "2026_usa_cornerstone_v1_0",
   "tables": {
     "use": {
-      "filename": "Balanced_Detail_Use_SUT_2024_v1.0.0_8365fa4.parquet",
-      "sha256": "db0dfdb2e23efa4511e1d54c57570ddfc0aa842a6f148cb753f487ce6ee5f889"
+      "filename": "Balanced_Detail_Use_SUT_2024_v1.0.0_fd271dc.parquet",
+      "sha256": "2a6130da528c889723a82261c029608927245afdac8d541e8bd71ee16c0d29e9"
     },
     "supply": {
-      "filename": "Balanced_Detail_Supply_2024_v1.0.0_8365fa4.parquet",
-      "sha256": "68e283b2f1f76936cb825d467ac5c8e6fb919c10f26d6a95bc7f99ea9543460a"
+      "filename": "Balanced_Detail_Supply_2024_v1.0.0_fd271dc.parquet",
+      "sha256": "cc9d68deb93f96aae21d2da8776c743ce942c449d4d005d123cadce1aaa14abc"
     }
   }
 }
diff --git a/bedrock/utils/validation/__tests__/test_eeio_diagnostics.py b/bedrock/utils/validation/__tests__/test_eeio_diagnostics.py
index 7b52210a2..85cee4028 100644
--- a/bedrock/utils/validation/__tests__/test_eeio_diagnostics.py
+++ b/bedrock/utils/validation/__tests__/test_eeio_diagnostics.py
@@ -414,13 +414,6 @@ def test_compare_output_and_L_y(
 
 
 @pytest.mark.eeio_integration
-@pytest.mark.xfail(
-    reason=(
-        'Make and Use disagree on commodity output. On MUT v1.0.0_8365fa4 '
-        '(2024) one sector fails: 334118 (+4.4%), whose imports exceed its '
-        'use. 2017-2023 pass.'
-    ),
-)
 def test_domestic_L_y_from_use_final_demand_equals_q(
     canonical_usa_config: None,
 ) -> None:
diff --git a/scripts/rebuild_nowcast_year.py b/scripts/rebuild_nowcast_year.py
index afbb0e902..e8affd69d 100644
--- a/scripts/rebuild_nowcast_year.py
+++ b/scripts/rebuild_nowcast_year.py
@@ -54,6 +54,7 @@
     'cap_margins_at_purchase',
     'pin_refinery_secondaries_at_go_mix',
     'air_margin_on_aies_level',
+    'trade_margin_receivers_follow_supply',
 )
 AFTER_MUT = 'Nowcast_Detail_Use_AfterRedef'
 GHG_METHODS = (