Corn futures are trading down 6 cents at midday, with the CmdtyView national average cash corn price at $4.84 1/2. In related data, the weekly EIA report for the week of September 4 shows ethanol production steady at 1.099 million barrels per day, which is 4.17% higher year-over-year. Ethanol stocks increased by 33,000 barrels to 25.22 million, representing an 11.58% rise from last year.
Looking ahead, Export Sales data will be released on Thursday, with expectations of 0.7 to 2 million metric tons in 2026/27 corn sales for the week of September 10. Additionally, Stats Canada reported that corn output for Canada is projected at 16.55 million metric tons, up 11.3% from last year.
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