Corn futures are slipping back lower on Wednesday’s midday, as contracts are down 2 to 3 ¼ cents in the nearbys. The CmdtyView national average Cash Corn price is down 3 1/4 cents at $3.82 ¾.
The weekly EIA report showed ethanol production dropping 50,000 barrels per day in the week ending on September 12 to 1.055 million barrels per day. That was still an increase of 6,000 bps from the week last year. Stocks of ethanol were down 235,000 barrels to 22.602 million barrels. Refiner inputs of ethanol were up 42,000 bpd to 922,000 bpd.
