Corn futures closed out the Wednesday session with contracts down 2 to 4 cents across most contracts. Traders continue to place bets ahead of the supply and demand updates on Friday. The CmdtyView national average Cash Corn price was down 2 3/4 cents at $3.72 ¼. 

EIA data released this morning showed ethanol production in the week ending on September 5 at 1.105 million barrels per day, up 30,000 bpd from the week prior. Stocks saw a build of 273,000 barrels to 22.837 million barrels. Ethanol exports in that week were 121,000 barrels per day, up 32,000 bpd from last week. Refiner inputs were down 35,000 bpd to 880,000 bpd.

Export Sales data will be released on Thursday morning, with traders expecting between 0.9 and 2.4 MMT in 2025/26 corn sales during the week that ended on September 4.

USDA will release their monthly Crop Production report on Friday, with a Reuters survey of analysts looking for a 2.6 bpa reduction to yield this month to 186.2 bpa. Production is seen at 16.516 bbu, which would be down 226 mbu from the August estimate. The WASDE report will also be release, with traders looking for old crop US corn ending stocks at 1.311 bbu, up 6 mbu vs. August, as new crop is expected to be down 106 mbu to 2.011 bbu.

A South Korean importer issued a tender for 140,000 MT of corn with a deadline of September 11. The Rosario Grain Exchange estimates the 2024/25 Argentina corn production at 50 MMT, with the 2025/26 output number at 61 MMT, citing if there is “normal rainfall.”

Sep 25 Corn  closed at $3.97 1/4, down 4 cents,

Nearby Cash  was $3.72 1/4, down 2 3/4 cents,

Dec 25 Corn  closed at $4.17, down 2 3/4 cents,

Mar 26 Corn  closed at $4.34 1/2, down 3 cents,

New Crop Cash  was $3.72 3/8, down 2 3/4 cents,