The corn market closed with gains across most contracts on Wednesday, with contracts 1 to 2 rising 14 cents higher on the day. The CmdtyView national average Cash Corn price was up 2 3/4 cents at $3.80 1/2. So far this month, the average close for December futures has been $4.20.
Data from the Energy Information Administration (EIA) released this morning showed total ethanol production at 1.071 million barrels per day for the week ending October 3. This marked a weekly rebound of 76,000 barrels per day. However, ethanol stocks continued to tighten, declining by 44,000 barrels to 22.72 million barrels.
Ethanol exports increased by 50,000 barrels, reaching 138,000 barrels per day. Meanwhile, refiner inputs of ethanol decreased by 13,000 barrels per day to 892,000 barrels per day.
Please note, Export Sales data will not be reported on Thursday due to the government shutdown. Nevertheless, traders surveyed by Reuters anticipate corn sales between 1.2 and 2 million metric tons (MMT) for the week of October 2.
Looking at Brazil, the National Association of Grain Exporters (ANEC) estimates corn exports at 6 MMT for October, which would be an increase compared to the 5.67 MMT exported in October 2023.
Regarding futures pricing, December 2025 corn closed at $4.22, up 2 1/4 cents. Nearby Cash Corn was $3.80 1/2, up 2 3/4 cents. March 2026 corn closed at $4.37 3/4, up 1 1/2 cents, while May 2026 corn closed at $4.46 1/4, gaining 1 cent.
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On the date of publication, Austin Schroeder did not hold any positions, directly or indirectly, in the securities mentioned in this article. All information and data presented are solely for informational purposes.
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https://www.nasdaq.com/articles/corn-posts-gains-wednesday-ethanol-output-rebounds