Corn futures slipped off the early gains on the Wednesday session, with July down ½ cent and other contracts fractionally to 2 1/4 cents higher. The CmdtyView national average Cash Corn price was steady at $3.86 1/4.
EIA’s weekly update showed a total of 1.108 million barrels per day of ethanol production in the week of June 5, steady with the week prior. Ethanol stocks were down 154,000 barrels to 24.452 million barrels. Ethanol exports were up 20,000 bpd to 155,000 bpd, with refiner inputs of ethanol up 8,000 bpd to 907,000 bpd.
