Corn Ear of Sweet
Front month corn prices are working another 2 1/2 to 7 1/2 cents higher so far for the midweek session.Â
Weekly EIA data showed ethanol producers averaged 1.029 million barrels of production per day through the week that ended 12/16. That was another 32k bpd reduction for the week. Ethanol stocks did dip 342k barrels to 24.067 million.Â
The European Commission reported corn imports at 13.5 MMT for the season through 12/18 – a 105% increase yr/yr.Â
Mar 23 Corn  is at $6.59 3/4, up 7 3/4 cents,
Nearby Cash  is at $6.68, up 6 5/8 cents,
May 23 Corn  is at $6.59 1/4, up 7 1/4 cents,
Jul 23 Corn  is at $6.53, up 6 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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