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Barchart
Barchart
Austin Schroeder

Corn Showing Midday Weakness, as Brazil Production Gets a CONAB Hike

Corn futures are shrugging off an early attempt to post midday gains, as contracts are down 2 to 3 cents so far. The CmdtyView national average Cash Corn price is down 2 1/4 cents at $4.39.

EIA data from this morning showed ethanol production in the week of October 8 at 1.065 million barrels per day, up 12,000 bpd on the week. Ethanol stocks were up 199,000 barrels to 23.942 million barrels. Refiner inputs were up 2,000 bpd to 899,000 bpd, as exports of ethanol slipped back by 45,000 bpd to 121,000 bpd.

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