Corn Field Blue Sky
Midday corn prices are working 2 to 3 ¾ cents higher so far. Dec is 2c off the high so far, but has stayed under the $5 round number.
EIA showed ethanol producers averaged 1.035m barrels of ethanol output per day during the week that ended 10/13. That was a 6-wk high and was the 4th consecutive +1m bpd week. Ethanol stocks tightened by 414k barrels to 21.112 million.
Dec 23 Corn is at $4.92 3/4, up 3 3/4 cents,
Nearby Cash is at $4.62 3/8, up 4 1/4 cents,
Mar 24 Corn is at $5.07 1/2, up 3 3/4 cents,
May 24 Corn is at $5.15 1/4, up 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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