
Corn futures traded 4 to 7 cents lower across most months on Thursday midday, with the national average cash corn price down 4.5 cents to $4.10 1/4. EIA data showed ethanol production fell 13,000 bpd to 1.13 million bpd in the week of 11/6, with stocks down 89,000 barrels.
Routine price move with weaker ethanol output and no new supply or demand shock; corn feed costs drift lower modestly for buyers. Export sales data is delayed to Friday, so the trade may look for confirmation then.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.