
Corn futures are steady so far on Wednesday AM trade, with contracts fractionally mixed. Bulls missed the turnaround part of the Tuesday session, as futures closed with losses of 3 to 5 cents. Preliminary open interest was up 28,273 contracts on Tuesday. The CmdtyView national average new crop Cash Corn price was down 3 3/4 cents at $3.67 3/4.
Weekly ethanol production will be updated on Wednesday, with some looking for a slight drop in output during the week of July 25.