**Corn Futures Rise Amid Ethanol Production Update**
On Wednesday, corn futures increased by 4 to 5.25 cents across most contracts, with the CmdtyView national average cash corn price rising 4.25 cents to $3.87. The trading week will conclude on Thursday, as markets will close on Friday for Juneteenth.
In the week of June 12, the Energy Information Administration (EIA) reported ethanol production at 1.102 million barrels per day, a decline of 6,000 bpd from the previous week. Ethanol stocks rose slightly to 24.474 million barrels, while ethanol exports dropped to 128,000 bpd, down by 27,000 bpd. The forecast indicates significant rainfall expected across much of the U.S. growing region, with 2 to 4 inches anticipated from eastern Nebraska to western Pennsylvania.
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