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Corn Extends Post-USDA Bounce to Wednesday

Commodities & Raw MaterialsEnergy Markets & PricesMarket Technicals & Flows

Corn futures closed Wednesday up 3 to 8 1/4 cents, with front-month contracts leading; the CmdtyView national average Cash Corn price rose 7 cents to $3.92 1/4. Separately, EIA’s weekly update cited ethanol production at 1.117 million barrels per day, providing incremental support to the corn–ethanol demand outlook.

Analysis

Corn futures closed Wednesday up 3 to 8 1/4 cents, with front-month contracts leading; the CmdtyView national average Cash Corn price rose 7 cents to $3.92 1/4. Separately, EIA’s weekly update cited ethanol production at 1.117 million barrels per day, providing incremental support to the corn–ethanol demand outlook.

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mildly positive

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