Corn futures are trading with Thursday midday gains of 3 to 4 cents, getting a bounce from the Wednesday weakness. There were 319 deliveries against September corn overnight. The CmdtyView national average Cash Corn price is up 3 1/2 cents at $4.84 1/2.
The weekly EIA report showed ethanol production at 1.099 million barrels per day in the week of 9/4, down 11,000 bpd from the week prior. Stocks saw a 152,000 barrel increase to 25.187 million barrels, which is 10.29% above the same week last year.