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Barchart
Barchart
Austin Schroeder

BIZARRE: Corn posting midday gains on tuesday - You Need To See This

Corn futures are trading with 2 to 3 cent gains at midday. The CmdtyView national average Cash Corn price is up 2 1/2 cents at $3.94 1/4. 

NASS released their monthly Grain Crushings report on Monday afternoon, with December corn used for ethanol at 488.26 million bushels. That was a record high for the month and was 5.1% above the same week last month. Marketing year corn used in ethanol production is at 1.863 billion bushels, up 1.1 million bushels from the same period last year.

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