Corn price action is showing steady to 2 cent higher trade on Thursday morning.  Futures posted Wednesday losses of 5 to 7 cents across most contracts at the close. Open interest was down 10,627 contracts on the midweek session, suggesting some longs taking profits. The CmdtyView national average Cash Corn price was down 6 1/2 cents at $3.98 3/4. Weekly EIA data from Wednesday morning showed a record ethanol production total in the week ending on November 28, totaling 1.126 million barrels per day, a 13,0 ...

Corn futures are showing losses of 5 to 6 cents across most contracts on Wednesday. The CmdtyView national average Cash Corn price is down 5 1/2 cents at $3.99 3/4. Weekly EIA data from this morning showed a record ethanol production total in the week ending on November 28, totaling 1.126 million barrels per day, a 13,000 bpd increase wk/wk. Stocks of ethanol rose 543,000 barrels to 22.511 million. That came as the 48,000 bpd increase to exports (170,000 bpd) wasn’t enough to offset the increased output a ...

Corn prices are steady to fractionally higher in the nearbys on Thursday. Futures closed with gains across most contracts on Wednesday, with contracts 1 to 2 ¼ cents higher on the day. Preliminary open interest suggested modest net new buying, up 13,539 contracts. The CmdtyView national average Cash Corn price was up 2 ¾ cents at $3.80 1/2. The average close for December futures so far this month has been $4.20. EIA data from Wednesday morning showed a total of 1.071 million barrels per day of ethanol pro ...