
Corn price action is up 1 to 2 cents across most contracts on Wednesday morning. Futures failed to hold onto the midday gains on Tuesday, with contracts fractionally to 2 cents in the red. Preliminary open interest was down 17,277 contracts on the day. The CmdtyView national average Cash Corn price is up 1 3/4 cents at $4.08 ½.
EIA data will be out later this morning, with some looking for steady to slightly lower ethanol output in the week ending last Friday.