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Austin Schroeder

Corn Extending Gains to Wednesday, Following Post-USDA Report Strength

CmdtyView EIA Ethanol

Corn futures are trading with 4 to 7 cent gains across most contracts on Wednesday. There were 325 deliveries issued against July futures overnight. The CmdtyView national average Cash Corn price is 5 cents higher at $3.90 1/4.

EIA’s weekly update showed a total of 1.117 million barrels per day of ethanol production in the week of June 26, up 27,000 bpd from the week prior. Ethanol stocks were up another 105,000 barrels to 24.690 million barrels. Ethanol exports were back up 5,000 bpd to 126,000 bpd, with refiner inputs of ethanol down 2,000 bpd to 9221,000 bpd.

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