Corn futures are trading with most contracts within a penny, unchanged, with a penny increase in December and other contracts slightly lower. The CmdtyView national average cash corn price is up 1 1/4 cents to $3.93 3/4.
EIA data this morning showed ethanol production totaling 1.091 million barrels per day during the week of 10/24. This represents a drop of 21,000 b/d compared to the previous week. Ethanol stocks increased by 448,000 barrels to 22.367 million barrels. Ethanol intakes from refiners remained stable at 911,000 barrels per day, with exports up 45,000 b/d to 175,000 b/d.
The USDA is still closed due to the shutdown as traders look for between 1.1 and 2.1 MMT of corn sold during the week ending October 23.
Brazilian crop estimates from Rabobank show the Brazilian corn harvest at 137 MMT for 2025/26.
December 25 Corn is at $4.33, up 1 cent,
Nearby silver is at $3.93 3/4, up 1 1/4 cents,
March 26 Corn is at $4.45 3/4, down 1/4 cent,
May 26 Corn is at $4.54 1/4, down 3/4 cent,
As of the date of publication, Austin Schroeder had (directly or indirectly) no position in any of the securities mentioned in this article. All information and data contained in this article are for informational purposes only. This article was originally published on Barchart.com
