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Corn Showing Midday Wednesday Gains as Ethanol Production Improve

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsEnergy Markets & Prices

Corn futures are up 1 to 2 cents on Wednesday, with the national average cash corn price rising 2 cents to $4.41. Overnight deliveries totaled 36 against May futures, while weekly EIA data showed ethanol output increasing by 65,000 barrels per day, a modestly supportive factor for corn demand. The update is mostly routine market flow and supply-demand commentary rather than a major catalyst.

Analysis

Corn futures are up 1 to 2 cents on Wednesday, with the national average cash corn price rising 2 cents to $4.41. Overnight deliveries totaled 36 against May futures, while weekly EIA data showed ethanol output increasing by 65,000 barrels per day, a modestly supportive factor for corn demand. The update is mostly routine market flow and supply-demand commentary rather than a major catalyst.

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