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Barchart
Barchart
Austin Schroeder

Corn Starting USDA Report Day with Slight Gains

USDA CmdtyView

Corn price action is showing fractional gains on Friday morning. Futures rounded out the Thursday session with contracts 4 to 6 ½ cents high in the nearbys. New buying interest was noted, with preliminary open interest rising 35,080 contracts. The CmdtyView national average Cash Corn price was up another 6 ½ cents at $4.02 ½. 

EIA data from Thursday morning showed a total of 1.075 million barrels per day of ethanol produced in the week ending on November 7, down 48,000 bpd from the week prior’s record. Stocks saw a draw of 436,000 barrels to 22.219 million barrels. 

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