Corn Close with Wednesday Gains

Group 1 - Corn futures experienced gains due to strength from wheat and a weaker US dollar, with contracts closing up by 1 ¼ to 3 ½ cents [1] - The national average Cash Corn price increased by 3 ¾ cents, reaching $3.94 ½ [1] - March 26 Corn closed at $4.30, up 3 ½ cents, while May 26 and July 26 Corn closed at $4.38 and $4.44 respectively, both up 3 ¼ cents [3] Group 2 - EIA data indicated a decrease in ethanol production by 5,000 barrels per day, totaling 1.114 million bpd for the week of January 23 [2] - Ethanol stocks saw a draw of 339,000 barrels, bringing the total to 25.4 million barrels [2] - Ethanol exports fell by 61,000 bpd to 157,000 bpd, while refiner inputs increased by 31,000 bpd to 883,000 bpd [2] Group 3 - Export Sales data is anticipated to be released on Thursday, with expectations for 2025/26 corn bookings between 1 to 2.5 million metric tons for the week of January 22 [3] - Sales for 2026/27 are projected to be between 0 and 200,000 metric tons [3]