Corn futures are trading up roughly 2–4 cents midday, with the CmdtyView national average cash corn price +3.75¢ to $4.2475/bu. EPA Administrator Lee Zeldin announced a waiver permitting E15 sales beginning May 1 for the summer months, which should boost ethanol blending demand for corn. The immediate price move is modest, but the waiver is a sector-moving regulatory development that could support higher corn demand and prices through the blending season.
Corn futures are trading up roughly 2–4 cents midday, with the CmdtyView national average cash corn price +3.75¢ to $4.2475/bu. EPA Administrator Lee Zeldin announced a waiver permitting E15 sales beginning May 1 for the summer months, which should boost ethanol blending demand for corn. The immediate price move is modest, but the waiver is a sector-moving regulatory development that could support higher corn demand and prices through the blending season.
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mildly positive
Sentiment Score
0.15
