Corn futures are pulling off the early session lows on Wednesday, but still are posting 2 to 3 cent losses at midday. The CmdtyView national average Cash Corn price is down 3 3/4 cents at $3.69 1/2.
The weekly EIA report from this morning showed a total of 995,000 barrels per day of ethanol production in the week that ended on September 26. That was a drop of 29,000 barrels per day from the week prior and taking the 3 weeks decline to 110,000 bdp. Ethanol stocks were back down 704,000 barrels to 22.764 million barrels.
