Corn prices are mixed as of Thursday morning, with May futures closing at $4.54 1/4, up 1/2 cent, and the nearby cash price increasing 3/4 cent to $4.18 1/4. Open interest rose by 6,656 contracts on Wednesday. South Korean importers recently purchased 134,000 MT of corn in a private deal.
Weekly EIA data revealed that ethanol production fell by 80,000 barrels per day to 1.04 million barrels during the week ending April 17. Ethanol stocks increased by 249,000 barrels to 26.948 million barrels, while exports rose by 10,000 bpd to 91,000 bpd.
Export Sales data will be released today, with estimates for corn sales in the week of April 16 ranging from 1 to 1.8 million metric tons for old crop, and new crop sales anticipated between 0 to 250,000 metric tons.
