Corn prices are up 1 to 2 cents so far on Thursday AM trade. Futures were on the higher side of unchanged by Wednesday’s close, as front months were up 1 ¼ cents and deferreds down ¼ to 1 ½ cents. Futures shrugged off pressure from the wheat complex. Open interest was up 5,626 contracts on Wednesday. The CmdtyView national average Cash Corn price was up 1 3/4 cents at $4.24.
EIA data from Wednesday morning showed ethanol production in the week of October 16 at 1.094 million barrels per day, up 29,000 bpd on the week. Ethanol stocks were up 616,000 barrels to 24.558 million barrels. Refiner inputs slipped back 8,000 bpd to 891,000 bpd, as exports saw a 11,000 bpd improvement to 132,000 bpd.
