Corn Pops Back Higher on Wednesday

Group 1 - Corn futures are experiencing an upward trend, with contracts increasing by 2 to 3 cents in the nearby markets [1] - The national average Cash Corn price rose by 2.5 cents to $4.08 3/4 [1] Group 2 - EIA data indicates that ethanol production decreased by 22,000 barrels per day week-over-week to 1.098 million bpd, while stocks increased by 708,000 barrels to 22.652 million barrels [2] - Exports of ethanol fell by 35,000 bpd to 113,000 bpd, and refiner inputs dropped by 117,000 bpd to 771,000 bpd, reflecting a seasonal pattern post-holidays [2] Group 3 - Upcoming Export Sales data is anticipated to show corn sales for 2025/26 between 0.7-1.5 million metric tons, while sales for 2026/27 are projected at 0-100,000 metric tons [3] - The USDA is expected to release a Crop Production report indicating US corn production at 16.553 billion bushels, with an estimated yield of 184 bushels per acre according to a Bloomberg survey [3] - Recent corn prices include Mar 26 Corn closing at $4.46 3/4 (up 2 3/4 cents), Nearby Cash at $4.08 3/4 (up 2 1/2 cents), May 26 Corn at $4.54 (up 2 3/4 cents), and Jul 26 Corn at $4.59 3/4 (up 2 3/4 cents) [3]