Corn futures pulled off the early lows to end Wednesday with fractional to a penny gains. The CmdtyView national average Cash Corn price was up 1/2 cent at $3.73 3/4. Some late session buying came via spillover support from soybeans on a post by President Trump.
The weekly EIA report from this morning showed a total of 995,000 barrels per day of ethanol production in the week that ended on September 26. That was a drop of 29,000 barrels per day from the week prior and taking the 3 weeks decline to 110,000 bdp. Ethanol stocks were back down 704,000 barrels to 22.764 million barrels.
