Corn futures suffered fractional losses of 1¼ cent on Thursday, and deferred ones slightly higher. CmdtyView’s national average cash corn price is up ½ cent to $3.94 1/2.
EIA data this morning showed that ethanol production in the week ending February 13 was 1.118 million barrels per day, up 8,000 bpd from the previous week. Stocks increased by 341,000 barrels to 25.588 million barrels.
Export sales data will be released on Friday morning and traders expect between 0.6 and 2.2 million tonnes of corn to be sold in the week ending February 12.
The USDA estimate for the US corn balance sheet was released via the Ag Outlook Forum this morning. Acreage was estimated at 94 million acres, a drop of 4.8 million acres if realized this spring and below estimates. Corn production was estimated to total 15,755 bbu, with a trend yield set at 183 bpa.
Data from the International Grains Council showed corn stocks unchanged at 305 MMT for 2025/26 as consumption increased by 1 MMT.
March 26 Corn closed at $4.25 3/4, down 1 1/4 cents.
Nearby cash was at $3.92 1/2, down 1 1/4 cents,
On May 26, corn closed at $4.36 1/4, down 1/2 cent.
July 26 Corn closed at $4.44 1/2, down 1/4 cent.
As of the date of publication, Austin Schroeder had no (directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are for informational purposes only. This article was originally published on Barchart.com