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Barchart

Austin Schroeder

Corn Weakness Falling to Midday

Corn futures are trading with sharp 7 to 8 cent losses at midday on Wednesday. The CmdtyView national average Cash Corn price is down 7 3/4 cents at $3.97 1/2.

EIA data from this morning showed a rebound of 16,000 barrels per day to 1.091 million bpd in the week ending on November 14. Stocks of ethanol were up 88,000 barrels to 22.307 million barrels. Exports slipped by 12,000 bpd to 145,000 bpd, with refiner inputs of ethanol down 7,000 bpd to 888,000.

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