Corn Fell a Few on Wednesday

Corn futures were down 4 3/4 to 6 1/4 cents after Wednesday trading, closing the chart gap from September. The weekly update from the EIA showed ethanol production was 12,000 barrels per day higher than last week, with the report showing 1.072 million bpd. Stocks were again higher by 1.176 million barrels at 21.815 million barrels. That was the biggest weekly build since June 28. The FSA report showed 87.117 million acres, which is up 1% from December of last year. The prevent plant was up 10 million acres over last December, at 11.432 million acres. Traders are anticipating corn export sales for the week ending 12/05 to be in the range of 400-800k MT for corn.

Dec 19 Corn is at $3.57, down 6 1/4 cents,

Mar 20 Corn is at $3.71 1/2, down 5 1/2 cents,

May 20 Corn is at $3.78, down 4 3/4 cents,

Jul 20 Corn is at $3.83 3/4, down 4 1/4 cents,

---provided by Brugler Marketing & Management

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