Corn futures gained some strength due to gains in wheat and recent weakness in the US dollar index, as contracts closed with gains of 1 ¼ to 3 ½ cents overall. The national average CmdtyView Cash Corn price rose 3 3/4 cents to $3.94 1/2.

EIA data this morning showed ethanol production fell 5,000 barrels per day to 1.114 million barrels per day in the week of January 23. Stocks did see a draw of 339,000 barrels to 25.4 million barrels. Exports fell 61,000 bpd this week to 157,000 bpd, and ethanol receipts from refiners rose 31,000 bpd to 883,000 bpd.

Export sales data will be released on Thursday, with traders looking for 2025/26 corn stocks in the 1-2.5 MMT range for the week of January 22. Sales for 2026/27 are seen between 0 and 200,000 MT.

March 26 Corn closed at $4.30, up 3 1/2 cents,

The cash close was $3.94 1/2, up 3 3/4 cents,

May 26 Corn closed at $4.38, up 3 1/4 cents,

July 26 Corn closed at $4.44, up 3 1/4 cents,

As of the date of publication, Austin Schroeder had no positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. This article was originally published on Barchart.com