Corn Pushes Higher into Wednesday’s Close as EPA Opens E15 for the Summer

Group 1 - Corn futures experienced gains of 3 to 5 ¼ cents, with the CmdtyView national average Cash Corn price rising by 4 ¾ cents to $4.25 ¾ [1] - The EPA announced a waiver allowing E15 sales starting May 1, continuing the trend of lifting fuel restrictions during summer months [1] - Ethanol production increased by 23,000 barrels per day to 1.116 million bpd, contributing to a rise in ethanol stockpiles by 763,000 barrels to 27.17 million barrels [2] Group 2 - Export Sales data is anticipated, with expectations of old crop corn bookings between 0.7 and 1.5 million metric tons for the week of March 19 [3] - Taiwan importers purchased 65,000 metric tons of US corn in a recent tender [3] - Various corn futures closed higher, with May 26 Corn at $4.67 ¼ (up 4 ¾ cents), July 26 Corn at $4.77 ¾ (up 5 ¼ cents), and December 26 Corn at $4.93 ¼ (up 4 ¼ cents) [3]