Corn futures closed with contracts 2 ½ to 4 ¾ cent gains across the board on Thursday. The CmdtyView national average Cash Corn price was up 4 cents to $4.17.
EIA data from this morning showed 1.089 million barrels per day of ethanol production in the week of 5/22, down 22,000 bpd from the previous week. Stocks were up 93,000 barrels to 24.968 million barrels. Exports of ethanol were down 47,000 barrels per day in that week to 102,000 bpd, as refiner inputs of ethanol rose 20,000 bpd to 937,000 bpd.
