Corn price rally
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Corn Bulls Taking Things Back Higher at Midday
Yahoo Finance· 2025-10-16 17:26
Group 1: Corn Market Overview - Corn futures are experiencing a rally, increasing by 4 to 5 ¼ cents across most contracts on Thursday [1] - The CmdtyView national average Cash Corn price has risen by 5 ¼ cents, reaching $3.79 1/2 [1] Group 2: Ethanol Production and Stocks - EIA data indicates a slight increase in ethanol production for the week ending October 17, rising by 3,000 barrels per day to 1.074 million barrels per day [2] - Despite the production increase, ethanol stocks decreased by 92,000 barrels, totaling 22.628 million barrels [2] - Ethanol exports fell by 30,000 barrels per day to 108,000 barrels per day, while refiner inputs of ethanol increased by 23,000 barrels per day to 915,000 barrels per day [2] Group 3: Export Sales and Pricing - Export Sales data is delayed due to a government shutdown, with traders estimating corn bookings between 0.9 to 2 million metric tons for the week of October 9 [3] - December 25 Corn is priced at $4.22, up 5 ¼ cents, while Nearby Cash is at $3.79 1/2, also up 5 ¼ cents [3] - March 26 Corn is at $4.36 1/2, up 4 ¼ cents, and May 26 Corn is at $4.45, up 4 cents [3]