Corn futures rounded out the Wednesday session with contracts up 2 to 3 cents, as bulls were in recovery mode from the Tuesday selloff. The CmdtyView national average Cash Corn price was up 2 ¼ cents at $3.56 1/2.
EIA data showed a total of 1.093 million barrels per day of ethanol production in the week ending on August 8, an increase of 12,000 bpd from last week and 21,000 bpd from the same week last year. Stocks saw a massive draw of 1.107 million barrels to 22.649 million barrels, the lowest since December. Ethanol exports were up 7,000 barrels per day to 123,000 bpd, with refiner inputs of ethanol 7,000 bpd higher to 929,000 bpd.
