Corn futures extended the strength on Wednesday, as contracts were 4 to 5 cents in the green at the final bell. The front month CmdtyView national average Cash Corn price was up 4 1/4 cents at $3.92 3/4.
EIA data released this morning put average daily ethanol production at 1.087 million barrels per day during the week that ended on July 11, up 2,000 bpd the previous week. Ethanol stocks were down 324,000 barrels to 23.635 million barrels. That was despite exports slipping 27,000 bpd to 94,000 bpd, with refiner inputs slipping 22,000 bpd to 880,000 bpd.
