Corns of Corn Wet from Rain
Morning corn futures are trading 6 to 7 3/4 cents in the red. December got to within 1 1/2 cents of $7/bu at the high for the day.Â
EIA reported 901k barrels of ethanol were produced per day through the week that ended 9/16. That was a 52k bpd drop wk/wk and was the weakest daily average output since February of 2021. Ethanol stocks continued to draw down with another 342k barrel drop. That left stocks at 22.5 million barrels, a low for the year.Â
Dec 22 Corn  is at $6.84 1/2, down 7 1/2 cents,
Nearby Cash  is at $6.80 1/1, down 7 1/2 cents,
Mar 23 Corn  is at $6.89, down 7 3/4 cents,
May 23 Corn  is at $6.88 3/4, down 8 1/4 cents,
New Crop Cash  is at $6.70 3/8, down 7 cents,
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