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Barchart
Barchart
Austin Schroeder

MYSTERIOUS: Corn getting a bounce ahead of usda report day - What They Never Told You

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.

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