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Corn futures are currently trading within a cent on either side of steady money, after trading 2 to 5 cents lower this morning. Ethanol production during the week ending last Friday fell to 923,000 barrels per day, per the EIA. This was down 4,000 barrels per day from the previous week, while also recording the slowest weekly production rate since the week ending May 8, 2015. Ethanol stocks as of April 29 were up 600,000 barrels from the Friday before at 22.2 million barrels. However East Coast stocks were at their lowest level in three months. Agroconsult lowered their Brazilian safrinha production estimate by 2.1 MMT to 52.5 MMT. Private exporters reported to the USDA that 107,500 MT of US corn was sold to Japan this morning for 2015/16 delivery. Argentinean corn exports from January to March were up 84% from the same period in 2015.