The corn market is trading with 4 to 5 cent gains across most contracts on Wednesday. The CmdtyView national average Cash Corn price is up 4 ¾ cents at $3.75 1/4.
EIA data will be pushed back to a Thursday release due to the Monday holiday, with some looking to see if ethanol output can continue to bounce back.
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Taiwan purchased 65,000 MT of corn from the US in their tender on Wednesday. Two separate South Korean importers purchased a total of 269,000 MT of corn in private tenders overnight, with no official origins listed.
Dec 25 Corn is at $4.17 3/4, up 4 3/4 cents,
Nearby Cash is at $3.75 1/4, up 4 3/4 cents,
Mar 26 Corn is at $4.33 1/2, up 4 1/4 cents,
May 26 Corn is at $4.42 1/4, up 4 1/4 cents,
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