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Barchart
Barchart
Austin Schroeder

Corn Falling Back Lower on Wednesday

CmdtyView

Corn futures are down 3 to 4 cents across the front months at midday. Preliminary open interest was down 22,441 contracts on Tuesday, mainly due to September liquidation (-47,405 contracts) ahead of First Notice Day on Friday. The CmdtyView national average Cash Corn price is down 4 1/4 cents at $3.64 1/2.

EIA’s weekly report showed ethanol production slipping 2,000 barrels per day in the week that ended on August 22 at 1.07 million barrels per day. Ethanol stocks were down 139,000 barrels to 22.549 million barrels. Exports slipped 51,000 bpd to 121,000 bpd, with refiner inputs of ethanol up 7,000 bpd to 932,000 bpd.

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