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Barchart
Austin Schroeder

Corn Bouncing Off Lows at Midday

CmdtyView EIA Ethanol

Corn futures are trading with Wednesday losses of 1 to 2 cents so far at midday, as cotracts are pulling off early lows. The CmdtyView national average Cash Corn price is 1/4 cent lower at $4.22 3/4.

EIA data from this morning showed ethanol production in the week of October 16 at 1.094 million barrels per day, up 29,000 bpd on the week. Ethanol stocks were up 616,000 barrels to 24.558 million barrels. Refiner inputs slipped back 8,000 bpd to 891,000 bpd, as exports saw a 11,000 bpd improvement to 132,000 bpd.

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