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Barchart
Barchart
Austin Schroeder

Corn Falls Back Lower on Wednesday

CmdtyView EIA Ethanol

Corn futures faded back some of the Tuesday rally, posting Wednesday losses of 2 to 6 cents across most contracts. The CmdtyView national average Cash Corn price was down 6 cents at $4.63 1/4.

EIA data from this morning showed ethanol production in the week of October 1 at 1.053 million barrels per day, back up 46,000 bpd on the week. Ethanol stocks saw another seasonal drawdown of 122,000 barrels to 23.743 million barrels.

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