Corn Market Experiences Declines Amid Ethanol Production Reports

The corn market is grappling with declines from Wednesday’s trading, with contracts down by 2 to 4 cents at midday. The front month CmdtyView national average Cash Corn price has decreased by 2 ¾ cents, now standing at $4.46 3/4.

Recent weekly EIA data indicated a rise in ethanol production, which increased by 21,000 barrels per day for the week ending April 18, reaching 1.033 billion barrels per day. However, ethanol stocks experienced a reduction of 1.333 million barrels, bringing the total to 25.481 million barrels. Additionally, ethanol exports fell by 62,000 barrels per day week-over-week, down to 75,000 barrels per day. On a more positive note, refiner inputs of ethanol rose by 19,000 barrels per day, totaling 921,000 barrels per day. This marks the highest level since October 25, coinciding with implied gasoline use surging to 9.414 million barrels per day, the highest since July 2024.

Looking ahead, Export Sales data is set to be released on Thursday morning.

Current Corn Prices

May 25 Corn is priced at $4.73, down 2 ¾ cents.

Nearby Cash stands at $4.46 3/4, a decrease of 2 ¾ cents.

Jul 25 Corn is now at $4.80 1/4, declining by 3 cents.

Dec 25 Corn has fallen to $4.54 1/2, down by 3 ½ cents.

New Crop Cash is reported at $4.18 1/4, a decrease of 3 ¾ cents.

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are solely for informational purposes. For more information, please view the Barchart Disclosure Policy
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