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Corn futures settled 3 to 5 cents lower. The weekly EIA report showed ethanol stocks up 500,000 barrels from the previous week, coming in at 18.3 million barrels.Ethanol production grew 6,000 barrels per day from last week.Weekly gasoline use was very low. There were no ethanol imports. The US Dollar index surged to new highs, hurting commodities priced in dollars. The Indiana yield estimate from the tour came in well above average at 185 bpa. The Nebraska tour average corn yield was put at 163.77 bpa. Comparisons to the 3-year averages are not very valid as the 2012 drought data badly drags down the average. The August USDA yield projections for those states were 173 and 179 bpa respectively.
Sep 14 Corn closed at $3.59 1/2, down 3 cents,
Dec 14 Corn closed at $3.67 1/2, down 4 3/4 cents,