Corn Futures PricesWed, Feb 10th, 2016
Latest Brugler Corn Report
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Corn futures are trading a penny lower at midday, after closing one or two cents lower on Tuesday. This morning, the weekly EIA report stated that ethanol production reached 969,000 barrels per day during the week ending February 5. This was an increase of 10,000 barrels per day from the previous week. Ethanol stocks grew to 23.0 million barrels, up 600,000 from the Friday before. Stocks in the East Coast and Midwest regions grew by 363,000 and 208,000 barrels respectively. East Coast stocks of 8.087 million barrels were at their highest level since the week ending June 22, 2012. Some Poet ethanol plants are reducing dumping hours. Private exporters reported to the USDA that 243,000 MT of US corn was sold to Japan this morning for 2016/17 delivery.
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