Corn Prices Decline Amid Stable Ethanol Production
On Wednesday, corn futures fell by 6 cents across the front months. The CmdtyView national average Cash Corn price dropped to $4.84½ as well. According to the EIA report for the week of September 4, ethanol production remained steady at 1.099 million barrels per day and is up 4.17% compared to last year. Ethanol stocks increased by 33,000 barrels to reach 25.22 million barrels, which marks an 11.58% increase from the same period in 2025. Traders are anticipating Export Sales data due on Thursday morning and expect corn sales for the week of September 10 between 0.7 to 2 MMT under the 2026/27 crop year. Canada's initial production report showed a rise in corn output by 11.3% from last year, reaching 16.55 million metric tons. The decline in corn prices is attributed to stable ethanol demand and expectations of strong export sales data.
Topics: corn ethanol_production futures_prices