Corn futures rose slightly on Wednesday, with front-month contracts increasing by up to 1.25 cents. May options will expire on Friday. The CmdtyView national average cash corn price improved by 0.75 cents to $4.18 1/4. Additionally, the USDA announced a private sale of 130,000 metric tons of corn for the 2025/26 crop year to unknown destinations.
In related industry news, weekly EIA data indicated a decrease in ethanol production, dropping 80,000 barrels per day to 1.04 million barrels. Ethanol stocks rose by 249,000 barrels, totaling 26.948 million barrels, while exports increased by 10,000 barrels per day to 91,000. Export sales data, set for release on Thursday, is expected to show old crop sales between 1 and 1.8 million metric tons and new crop sales ranging from 0 to 250,000 metric tons.
