Corn

Corn futures are steady to fractionally higher in most nearby contracts at midday. The USDA reported a private export sale of 123,000 MT of 17/18 corn to Unknown Destinations through their daily reporting system this morning. The weekly EIA report showed that US ethanol plants produced 1.016 million barrels of ethanol per day during the week of Feb 9. That was down 41,000 bpd from the previous week. Stocks of ethanol fell 604,000 barrels during that week to 22.885 million barrels. Analysts estimates for Thursday’s USDA Export Sales report are running 1 – 1.5 MMT for old crop sales during the week of Feb 8, with 0-100,000 MT seen for new crop.

Mar 18 Corn is at $3.67 1/4, up 1/2 cent,

May 18 Corn is at $3.74 1/4, unch ,

Jul 18 Corn is at $3.82 1/4, up 1/4 cent

Sep 18 Corn is at $3.88 1/2, unch




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