Corn Futures started in Wednesday’s session with contracts of 2 to 3 cents, as the bulls were in a recovery position from the sale of Tuesday. The price of CMDTYVIEW 2 increased by 2 cents at $ 3.56.
Environmental impact evaluation data showed a total of 1.093 million barrels per day of ethanol in the week ending August 8, an increase of 12,000 barrels per day from last week and 21,000 barrels per day of the same week last year. The stocks witnessed a huge draw of 1.107 million barrels to 22.649 million barrels, the lowest level since December. Ethanol exports increased 7,000 barrels per day to 123,000 barrels per day, with an ethanol refinery 7,000 barrels per day to 929,000 barrels per day.
Before the export sales report on Thursday, traders are looking for between 150,000 and 600,000 metric tons in old corn sales during the 7/7 week. New crop reservations are seen in a range from 0.9 to 2.4 million tons.
Several tenders overnight by South Korea importers showed the purchases of a total of 266,000 metric tons. EXCHANGE Rosario Grains is estimated at the Argentina Corn area in the main areas of up to 15 to 20 % of 2025/26.
September 25 of the atom was closed at $ 3.74, an increase of 2/2 cents,
The near cash was $ 3.56, 1/2, an increase of 2/4 cents,
December 25 of the atom is closed at $ 3.97, 1/4, an increase of 2 3/4 cents,
March 26 of the atom is closed at $ 4.15, an increase of 2 3/4 cents,
The new crop cash was $ 1/4, an increase of 2/2 cents,
On the date of publication, Austin Schroeder did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com
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