Corn Posts Modest Wednesday Bounce as Ethanol Output Improves

Corn futures saw steady to 3 cent higher trade across most contracts on Wednesday, as futures got a midweek bounce. The CmdtyView national average Cash Corn price was up 2 3/4 cents at $4.13 1/4. 

The average close for December corn futures in October has been $4.78, as there are just 2 days left for the harvest price crop insurance discovery period.

USDA’s Export Sales report will be released on Thursday morning, as a Reuters survey of traders shows expectations of 0.8-1.6 MMT in 2026/27 corn sales during the week of 10/22. Sales for 2027/28 are seen at 0-50,000 MT.

EIA’s weekly report showed ethanol production in the week of October 23 increasing 24,000 barrels per day to 1.118 million bpd. Ethanol stocks were down 35,000 barrels to 24.523 million barrels. Refiner inputs of ethanol were up 16,000 bpd to 907,000 bpd, despite the lowest gasoline product supplied number (8.358 million bpd) since February. 

Dec 26 Corn  closed at $4.51 3/4, up 3 cents,

Nearby Cash  was $4.13 1/4, up 2 3/4 cents,

Mar 27 Corn  closed at $4.65, up 2 1/4 cents,

May 27 Corn  closed at $4.72 3/4, up 1 1/2 cents,

Dec 27 Corn  closed at $4.90, unch,

New Crop Cash  was $4.44 1/1, up 1/2 cent,