Front month corn prices are fractionally to 2 1/2 cents in the red through the morning trade into  the Export Sales report. The March corn contract printed a 9 1/4 cent range on Thursday from +4 to -5 1/4 cents before closing near the day session low on a 4 cent loss. The other nearbys also closed red on Thursday, giving back 4 1/2 to 5 1/2 cents.Â
Going into the weekly FAS report traders estimate that between 250k MT and 800k MT of corn was sold during the week that ended 1/12. For new crop, corn bookings are expected to be below 100k MT.Â
EIA’s data showed ethanol producers averaged 1.008m barrels of ethanol per day through the week that ended 1/13. That was another 65k barrels per day higher vs. the previous week. Ethanol stocks were drawn down 398,000 barrels.Â
Mar 23 Corn  closed at $6.77 1/4, down 4 cents, currently down 3 cents
Nearby Cash  was $6.80 on Thursday, down 4 1/4 cents,
May 23 Corn  closed at $6.74 3/4, down 4 1/2 cents, currently down 2 3/4 cents
Jul 23 Corn  closed at $6.63 1/4, down 4 3/4 cents, currently down 1 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. For more information please view the Barchart Disclosure Policy here.
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