
Corn price action is fractionally mixed so far on Thursday morning. Futures closed the Wednesday session with front months fractionally to 1 ¼ cents higher and some deferreds steady to fractionally lower. Open interest was up 6,656 contracts on Wednesday. The CmdtyView national average Cash Corn price was up 3/4 cents at $4.18 1/4.
Weekly EIA data showed ethanol production dropping 80,000 barrels per day in the week of 4/17 to 1.04 million barrels per day. Stocks of ethanol were up 249,000 barrels to 26.948 million barrels. Exports were up just 10,000 bpd to 91,000 bpd, with refiner inputs of ethanol up 46,000 bpd.