Corn Posting Wednesday Weakness

Group 1 - Corn futures are down 2 to 4 cents across most contracts, with March corn seeing a delivery of only 1 contract overnight [1] - The CmdtyView national average Cash Corn price has decreased by 4 cents to $4.02 3/4 [1] - USDA reported a private export sale of 125,000 MT of corn to unknown destinations, with expectations for old crop corn sales between 0.6-1.6 MMT [2] Group 2 - Ethanol production reported by EIA is at 1.095 million barrels per day, down 18,000 bpd from the previous week, while ethanol stocks increased by 691,000 barrels to 26.337 million barrels [3] - Exports of ethanol rose by 76,000 bpd to 217,000 bpd, while refiner inputs decreased by 2,000 bpd to 864,000 bpd [3] - Current corn prices include Mar 26 Corn at $4.30 1/4, down 4 cents, May 26 Corn at $4.43 1/4, down 3 1/4 cents, and Jul 26 Corn at $4.53, down 2 1/2 cents [3]