Corn bulls were battling back on the Wednesday session, as contracts closed out the session with just fractional to 1 ¾ cent losses in most nearbys. The CmdtyView national average Cash Corn price was down 2 1/4 cents at $3.63 3/4.
The weekly EIA data showed a total of 1.081 million barrels per day of ethanol was produced during the week ending on August 1, a drop of 15,000 bpd from the previous week. With the drop in output, stocks saw a draw of 960,000 barrels to 23.756 million barrels. Refiner inputs of ethanol were up 2,000 bpd to 922,000, with exports dropping a total of 38,000 bpd to 116,000.
