Corn futures gave back some of the Tuesday gains, with contracts own 3 to 4 cents on Wednesday, as soon to expire December was down 6 cents. The CmdtyView national average Cash Corn price was down 3 1/2 cents at $3.99.
EIA data showed a total of 1.105 million barrels per day of ethanol production in the US during the week ending on December 5, down 21,000 bpd from the week prior’s record. Ethanol stocks pulled back just 1,000 barrels to 22.51 million barrels in that week. Refiner inputs of ethanol were down 6,000 bpd to 851,000 bpd, with exports dropping 45,000 bpd to 125,000 bpd.
