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Austin Schroeder

Corn Showing Midday Wednesday Gains as Ethanol Production Improve

Ethanol CmdtyView EIA

Corn futures are trading with 1 to 2 cent gains so far on Wednesday. There were 36 deliveries against May futures overnight. The CmdtyView national average Cash Corn price is up 2 cents to $4.41.

Weekly EIA data from this morning showed a 65,000 barrel per day hike in ethanol output in the week ending on May 8, taking the total to 1.082 million bpd. Ethanol stocks saw a draw of 1.15 million barrels to 24.87 million barrels. Ethanol exports were up 23,000 barrels per day to 162,000 bpd, with refiner inputs up 6,000 bpd to 908,000 bpd.

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