Corn Pushes Higher into Wednesday’s Close as EPA Opens E15 for the Summer

Corn futures rose 3 to 5 1/4 cents across the board, with the CmdtyView national average Cash Corn up 4 3/4 cents to $4.25 3/4. EPA Administrator Lee Zeldin announced a waiver allowing E15 sales starting May 1, a regulatory development likely to boost ethanol-driven corn demand and provide support to prices.

Analysis

Corn futures rose 3 to 5 1/4 cents across the board, with the CmdtyView national average Cash Corn up 4 3/4 cents to $4.25 3/4. EPA Administrator Lee Zeldin announced a waiver allowing E15 sales starting May 1, a regulatory development likely to boost ethanol-driven corn demand and provide support to prices.