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Barchart
Barchart
Austin Schroeder

FORGOTTEN HISTORY: Corn holding steady as ethanol production slips back - The Untold Story

Corn futures are trading with most contracts within a penny of unchanged, with Dec up a penny and other contracts fractionally lower. The CmdtyView national average Cash Corn price is up 1 1/4 cents to $3.93 3/4.

EIA data from this morning showed ethanol production totaling 1.091 million barrels per day in the week of 10/24. That was a 21,000 bpd drop from the week prior. Stocks of ethanol saw a build of 448,000 barrels to 22.367 million barrels. Refiner inputs of ethanol were steady at 911,000 barrels per day, with exports up 45,000 bpd to 175,000 bpd.

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