Midday corn quotes are 2 1/4 cents higher for July contracts, which is nearly a dime off the high, and 8 to 9 1/4 cents higher for the other nearbys. December corn quotes have faded by 5 3/4 cents from the early session strength.Â
Trade estimates ahead of the weekly Export Sales report is to see between 100k MT of old crop cancelations and 400k MT of net new sales. New crop bookings are estimated between 0 MT and 300,000 MT for the week that ended 5/25.Â
Weekly EIA data showed ethanol producers were back above 1m barrels for their average daily production with 1.004 for the week that ended 5/26. That was the first +1m since mid-April. Ethanol stocks were 291k barrels higher to 22.332 million.
NASS will report the April ethanol draw later in the afternoon.Â
Jul 23 Corn  is at $5.96 1/4, up 2 1/4 cents,
Nearby Cash  is at $6.27 1/2, down 3/4 cent,
Sep 23 Corn  is at $5.24 1/4, up 8 cents,
Dec 23 Corn  is at $5.30, up 8 1/4 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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