Corn Ticking Back Higher on Wednesday Morning

Group 1 - Corn prices are experiencing slight gains, with futures impacted by a decline of 3 to 4 cents in nearby contracts due to Turnaround Tuesday weakness [1] - The CmdtyView national average Cash Corn price decreased by 3 cents to $3.79 1/2 [1] - The average close for December corn futures is $4.19, with only 8 trading days left to secure a harvest crop insurance price above $4.16 from last year's fall price and below $4.70 from the spring [2] Group 2 - EIA data is anticipated to show steady ethanol production following last week's strong output [3] - Brazil's corn exports for October are estimated at 6.57 million metric tons, reflecting a slight increase of 0.11 million metric tons from previous estimates [3] - Brazilian corn ethanol production is projected to grow between 3 to 3.5 billion liters (792 to 925 million gallons) in the 2026/27 period, with expected increases in ethanol imports for 2025/26 [3] Group 3 - December 25 Corn closed at $4.19 3/4, down 3 1/2 cents, while nearby cash was at $3.79 1/2, also down 3 cents [4] - March 26 Corn closed at $4.33 3/4, down 3 1/4 cents, and May 26 Corn closed at $4.41 3/4, down 3 1/2 cents [4]