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Corn futures are trading slightly higher this morning, after closing steady to 2 cents higher Monday. After the close, USDA corn planting progress was reported at 45% complete, faster than the five year average of 30%, but slightly below trade expectations. Emergence was at 13%, 5 points ahead of the average pace. The USDA reported that 431.049 mbu of corn was used for ethanol production during March. This was up 2.5% from February, but down 1.6% from March 2015. Sorghum used for ethanol production fell by nearly 19% from February, down to 9.631 mbu in March. It was so low a year ago that it wasn’t reported, and thus explains the drop off in the corn use vs year ago. Export inspections during the week ending last Thursday reached 1.159 MMT. YTD inspections through April 28 were down 12.6% from the same period a year ago. Franca Junior, a Brazilian grain analyst firm, reduced its 2015/16 production estimate by 7.6 MMT to 79.5 MMT (USDA: 84.0 MMT).