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Corn futures are mostly around 4 cents into the red at midday. In the weekly Export Sales report published by the USDA this morning, new bookings were 1,084,200 MT, including new crop sales that amounted to 16,000 MT. Trade expectations for the USDA weekly export sales report ranged from 800,000 MT to 1.6 MMT, so there was no big surprise like we saw a week ago. Ukrainian corn is reportedly being offered into the market at $206/MT FOB, which is below current US values, and the strengthening USD added pressure to US prices. Ethanol production was up 1,000 barrels/day from the previous week, and stocks increased by just 160,000 barrels. Ethanol stocks rose marginally on the week, coming in at 20.39 million barrels versus the prior week’s 20.23 million. Stocks on the West Coast were flat, and Midwest stocks were lower, but the East Coast stocks continued to grow.