Corn futures experienced gains between 1 ¼ and 3 ½ cents, influenced by rising wheat prices and a weaker U.S. dollar. The national average cash corn price increased by 3 ¾ cents to $3.94 ½.
Ethanol production data released by the EIA for the week of January 23 showed a decline of 5,000 barrels per day, totaling 1.114 million bpd. Additionally, ethanol stocks decreased by 339,000 barrels to 25.4 million barrels, while exports slipped by 61,000 bpd to 157,000 bpd.
Looking ahead, export sales data will be published on Thursday, with expectations for 2025/26 corn bookings ranging from 1 to 2.5 million metric tons. The March 26 corn contract closed at $4.30, with nearby cash at $3.94 ½, May 26 at $4.38, and July 26 at $4.44.
