Corn prices are down 1 to 2 cents so far on Wednesday morning trade. Futures were 2 to 3 cents higher at the Tuesday close. The CmdtyView national average Cash Corn price was up 2 1/2 cents at $3.94 1/4.
The Treasury issued guidance on the 45Z tax credit on Tuesday morning. They still need to go through a public hearing process, which is scheduled for May.
EIA data will be released on Wednesday morning, with most expecting to see a reduction in ethanol output for the week ending on January 30.
A South Korean importer purchased a total of 65,000 MT of corn in a private tender on Tuesday.
Mar 26 Corn closed at $4.28 1/2, up 2 3/4 cents, currently down 2 cents
Nearby Cash was $3.94 1/4, up 2 1/2 cents,
May 26 Corn closed at $4.35 3/4, up 2 1/4 cents, currently down 1 1/2 cents
Jul 26 Corn closed at $4.42, up 2 1/4 cents, currently down 1 1/2 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 is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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