Corn futures are pulling off the early session lows on Wednesday, but still are posting 2 to 3 cent losses at midday. The CmdtyView national average Cash Corn price is down 3 3/4 cents at $3.69 1/2.
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.
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Export sales data will likely be suspended from the normal Thursday morning release this week due to the government shutdown.
Dec 25 Corn is at $4.12 3/4, down 2 3/4 cents,
Nearby Cash is at $3.69 1/2, down 3 3/4 cents,
Mar 26 Corn is at $4.29 1/4, down 2 3/4 cents,
May 26 Corn is at $4.39, down 2 3/4 cents,
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