Corn futures are trading with 2 to 3 cent gains at midday. The CmdtyView national average Cash Corn price is up 2 1/2 cents at $3.94 1/4.
NASS released their monthly Grain Crushings report on Monday afternoon, with December corn used for ethanol at 488.26 million bushels. That was a record high for the month and was 5.1% above the same week last month. Marketing year corn used in ethanol production is at 1.863 billion bushels, up 1.1 million bushels from the same period last year.
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A South Korean importer purchased a total of 134,000 MT of corn in a tender overnight.
Mar 26 Corn is at $4.28 1/2, up 2 3/4 cents,
Nearby Cash is at $3.94 1/4, up 2 1/2 cents,
May 26 Corn is at $4.36 1/4, up 2 3/4 cents,
Jul 26 Corn is at $4.42 1/4, up 2 1/2 cents,
