Corn Fading Back Lower on Thursday
Corn futures are trading with contracts 4 to 7 cents lower across most months on Thursday’s midday. The CmdtyView national average Cash Corn price is down 4 1/2 cents at $4.10 1/4.
EIA’s weekly update showed ethanol production at a total of 1.13 million barrels per day in the week of 11/6, a 13,000 bpd drop from the week prior. Ethanol stocks were down 89,000 barrels to 24.345 million barrels. Refiner inputs of ethanol were down 11,000 barrels per day on the week to 888,000 bpd, with ethanol export dropping back 7,000 bpd in that week to 140,000 bpd.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
Export Sales data will be pushed back to Friday due to the Wednesday Veterans Day federal holiday. Traders surveyed by Reuters showed estimates for a total of 2-3 MMT of 2026/27 corn in the week ending on 11/5. Sales for 2027/28 are seen in a range of 600,000-800,000 MT.
Dec 26 Corn is at $4.43 1/2, down 4 1/2 cents,
Nearby Cash is at $4.10 1/4, down 4 3/4 cents,
Mar 27 Corn is at $4.55 1/2, down 4 3/4 cents,
May 27 Corn is at $4.63 1/2, down 4 3/4 cents,
Dec 27 Corn is at $4.79 1/2, down 6 1/2 cents,
'27 New Crop Cash is at $4.42, down 7 1/2 cents,
On the date of publication, Austin Schroeder did not directly have a position 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.