Corn traded higher on Thursday after ending the report day UNCH. Gains in the front month futures were 3 1/2 to 5 cents. December corn held under the $7 mark at the high.Â
EIA had US ethanol output averaging 932k barrels per day last week, which was 43k barrels per day more than the prior week. Stocks were 178k barrels higher to 21.863m barrels.Â
Weekly Export Sales will be released on Friday, delayed due to the federal holiday on Monday. Survey responses show trade expectations range from 300-900k MT going into the report.Â
Argentina’s BAGE reported 13% of the 2023 early corn crop was in the ground, trailing last year’s 24% pace. Brazil’s AgRural reported 1st crop corn planting reached 38.8% planted –slightly ahead of last year’s 37.9% pace.Â
Dec 22 Corn  closed at $6.97 3/4, up 4 3/4 cents,
Nearby Cash  was $6.81 3/8, up 5 cents,
Mar 23 Corn  closed at $7.05, up 5 cents,
May 23 Corn  closed at $7.05 3/4, up 4 3/4 cents,
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.
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