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Barchart
Barchart
Austin Schroeder

Corn Back to Rallying on Wednesday Despite Weaker Ethanol Data

Corn futures are trading with contracts 8 to 9 cents higher so far at midday, with spillover support from near limit gains is wheat giving an assist. The CmdtyView national average Cash Corn price is 8 1/2 cents higher at $4.16 1/4.

The next 7 days are remaining dry for much of the Western Corn Belt according to NOAA’s 7-day QPF, with just trace amounts in parts of MN, IA, NE, MO, and the Dakotas. The Eastern Corn Belt is a little wetter, with 0.5-1.5 inches expected in parts of IL, IN, and OH.

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