Corn will see green on Wednesday

Corn futures posted a slight bounce on Wednesday, with the contract shrinking to 2.5 cents green. CMDTyview’s national average cash corn price rose 2 1/2 cents at 3.74 $3/4.

Weekly ethanol production was tallied at 109 million barrels per day for the week of July 25th, an increase of 18,000 bpd from the previous week. The shares increased by 272,000 barrels to 24.716 million. Ethanol exports rose to six-week highs at 154,000 bpd, with ethanol purification inputs from 3,000 to 920,000 bpd.

Traders had expected the Thursday morning export sales report to show 200,000-800,000 mt of corn on 2024/25, which was sold for the week ending July 24th. New crops are expected to be between 0.6 and 1.6 mmt on reservation.

The Korean importer bought a total of 195,000 mt of corn soft overnight. Taiwanese importers also purchased a total of 65,000 mt of corn from the US.

According to Datagro, Brazil’s corn crop in 2025/26 is estimated to be 140.9 mmt.

September 25th Corn was closed at $3.91 $3/4, rising 2 1/2 cents,

Cash nearby rose 2 1/2 cents at $3.74 3/4.

December 25th Corn was closed at $4.12 1/4, rising 1 1/4 cents,

On March 26, the corn was closed at $4.29 1/2, rising 3/4 cents,

Cash on the new crop was 3.79 1/2 dollars, up 1 1/4 cents.

On the date of publication, Austin Schroeder had no position (directly or indirectly) in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. This article was originally published barchart.com