The midday corn market is trading 3 1/2 to 4 1/2 cents lower through the morning session. That has Dec sitting on the $6.80 round number support.Â
The weekly Export Sales report showed 263,999 MT were booked during the week of 10/20. That was down from 408k MT last week but was up from 200k MT during the week of 10/6. Corn commitments sat at 14.095 MMT, a 47% drop from last year. Â
EIA reported ethanol production averaged 1.033 million barrels per day through the week that ended 10/21. That was 17k bpd above last week and was the most since July 29. Ethanol stocks increased 447k barrels to 22.291 million.Â
Dec 22 Corn  is at $6.80 1/4, down 4 3/4 cents,
Nearby Cash  is at $6.71 3/8, down 4 7/8 cents,
Mar 23 Corn  is at $6.86, down 4 1/2 cents,
May 23 Corn  is at $6.85 1/4, down 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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