Corn futures posted mixed trade to close out the Wednesday session, as front months were up 1 to 3 ¼ cents and new crop December was down 2 ¾ cents. The CmdtyView national average Cash Corn price was back up 3 1/2 cents at $4.25 1/2.
EIA released their weekly petroleum status report this morning, with ethanol production rising 43,000 barrels per day to 1.105 million bpd. Stocks saw a draw of 801,000 barrels to 26.575 million barrels. Refiner inputs of ethanol were up 19,000 bpd to 896,000 bpd.
Export Sales data is estimated to show between 0.8 and 1.7 MMT in old crop corn sales during the week ending on 3/13. Sales for 2025/26 are expected to total 0-100,000 MT.
Turkey has issued a 1 MMT import quota for feed corn at a reduced tariff rate until the end of June.
Allendale estimates the 2025 US corn planted acreage total at 93.98 million acres according to a producer survey.
May 25 Corn closed at $4.62, up 3 1/4 cents,
Nearby Cash was $4.25 1/2, up 3 1/2 cents,
Jul 25 Corn closed at $4.69 1/4, up 1 1/4 cents,
Dec 25 Corn closed at $4.51 1/2, down 2 3/4 cents,
New Crop Cash was $4.14 3/8, down 2 1/2 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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