Corn worked off the highs in the afternoon round of trading, but futures were still down by 1 1/4 to 2 3/4 cents at the bell. December printed a 10 1/2 cent range on the day, from plus 3 1/2 to minus 11 cents.
EIA data had the average daily ethanol output back above 1m barrels again for the first time since August 5th. Ethanol producers averaged 1.016m barrels per day through the week that ended 10/14. Ethanol stocks were down by 19k barrels to 21.844 million.Â
Going into the weekly Export Sales report, traders are looking for USDA to show between 250k and 700k MT of corn bookings.Â
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Dec 22 Corn  closed at $6.78 1/4, down 2 3/4 cents,
Nearby Cash  was $6.66 3/4, down 5/8 cent,
Mar 23 Corn  closed at $6.84 1/2, down 2 1/2 cents,
May 23 Corn  closed at $6.85, down 2 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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