Corn Slipping Lower on Thursday

Group 1 - Corn futures are experiencing midday losses ranging from 1 to 2.5 cents, with the CmdtyView national average cash corn price increasing by 0.5 cents to $3.94 1/2 [1] - Ethanol production for the week ending on February 13 was reported at 1.118 million barrels per day, an increase of 8,000 barrels per day from the previous week, while stocks rose by 341,000 barrels to 25.588 million barrels [1] - The USDA's armchair estimate for the US corn balance sheet indicated an acreage estimate of 94 million acres, a decrease of 4.8 million acres if realized this spring, with corn production estimated at 15.755 billion bushels and trend yield at 183 bushels per acre [2] Group 2 - The International Grains Council reported that corn stocks are unchanged at 305 million metric tons for the 2025/26 period, despite a consumption increase of 1 million metric tons [3] - Current corn prices include March 26 Corn at $4.24 1/2, Nearby Cash at $3.91 1/4, May 26 Corn at $4.35, and July 26 Corn at $4.43 1/2, all showing slight declines [3]