Corn Bulls Taking Some Gains Back on Thursday AM Trade

Corn price action is showing steady to 2 cent higher trade on Thursday morning.  Futures posted Wednesday losses of 5 to 7 cents across most contracts at the close. Open interest was down 10,627 contracts on the midweek session, suggesting some longs taking profits. The CmdtyView national average Cash Corn price was down 6 1/2 cents at $3.98 3/4. Weekly EIA data from Wednesday morning showed a record ethanol production total in the week ending on November 28, totaling 1.126 million barrels per day, a 13,0 ...