Corn futures are heading higher at midday, with bulls pushing for gains of 1 to 2 cents so far. The CmdtyView national average Cash Corn price has increased by 2 1/4 cents, closing at $3.79 1/4 today. Meanwhile, the average close for December futures this month has been $4.20. This monthly average price is used to determine the harvest price for crop insurance.
EIA data released this morning showed that ethanol production totaled 1.071 million barrels per day for the week ending October 3rd, marking a rebound of 76,000 barrels per day compared to the previous week. Despite this increase, ethanol stocks tightened slightly, dropping by 44,000 barrels to 22.72 million barrels. Ethanol exports rose by 50,000 barrels per day to 138,000 barrels per day, while refinery inputs of ethanol decreased by 13,000 barrels per day to 892,000 barrels per day.
In international news, the Brazilian National Association of Grain Exporters (ANEC) estimates corn exports at 6 million metric tons for October. This represents an increase from the 5.67 million metric tons exported in October 2024.
As for corn futures prices at midday:
– December 2025 Corn is trading at $4.21 3/4, up 2 cents.
– Nearby Cash Corn stands at $3.79 1/4, up 2 1/4 cents.
– March 2026 Corn is at $4.37 3/4, up 1 1/2 cents.
– May 2026 Corn is priced at $4.46 1/2, up 1 1/4 cents.
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Disclaimer: On the date of publication, Austin Schroeder did not hold positions, directly or indirectly, in any of the securities mentioned in this article. All information and data provided are for informational purposes only. For more details, please view the Barchart Disclosure Policy here. The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
https://www.nasdaq.com/articles/corn-heading-higher-midday