Corn Close Mixed on Thursday

Group 1 - Corn futures experienced fractional to 1 ¼ cent losses on Thursday, with deferred contracts slightly higher [1] - The national average Cash Corn price increased by ½ cent to $3.94 1/2 [1] - Ethanol production for the week ending on 2/13 was reported at 1.118 million barrels per day, an increase of 8,000 bpd from the previous week, while stocks rose by 341,000 barrels to 25.588 million barrels [1] Group 2 - Export Sales data is expected to be released on Friday, with estimates ranging from 0.6 to 2.2 million metric tons of corn sold for the week ending on 2/12 [2] - The USDA's estimate for US corn acreage is projected at 94 million acres, a decrease of 4.8 million acres if realized this spring, which is below previous estimates [2] - Corn production is estimated to total 15.755 billion bushels, with a trend yield of 183 bushels per acre [2] Group 3 - The International Grains Council reported that corn stocks remain unchanged at 305 million metric tons for the 2025/26 period, despite a 1 million metric ton increase in consumption [3] - March 26 Corn closed at $4.25 3/4, down 1 1/4 cents, while nearby Cash was at $3.92 1/2, also down 1 1/4 cents [3] - May 26 Corn closed at $4.36 1/4, down 1/2 cent, and July 26 Corn closed at $4.44 1/2, down 1/4 cent [3]