Corn futures are trading with 4 to 5 ¾ cents across most contracts at Wednesday’s midday. The CmdtyView national average Cash Corn price is down 5 cents at $3.74 3/4.
The monthly NASS Grain Crushing report showed 455.82 million bushels of corn used in ethanol production during July. That was a 2% increase from June but down 5.8% from last year. The full marketing year shipments in the first 11 months of the MY are at 4.978 bbu, 20 mbu below the same period last year. Weekly ethanol data will be released on Thursday due to the Monday holiday.
