Corn futures are experiencing gains of 2 to 3 cents on Wednesday, with the CmdtyView national average cash corn price rising to $4.09, an increase of 2¾ cents. In the week ending January 2, ethanol production dropped by 22,000 barrels per day to 1.098 million bpd; however, stocks increased by 708,000 barrels to 22.652 million barrels.
Brazil’s trade ministry reported that corn exports reached 6.128 million metric tons in December, marking a 43.6% increase year-over-year and a 21.75% rise from November. Traders are anticipating export sales data on Thursday, expecting corn sales for the 2025/26 season to range from 0.7 to 1.5 million metric tons.
