Corn Market Down 5 to 6 Cents

Corn futures added to sell off overnight, dropping another 6 cents per bushel. Corn futures lost 10 1/4 to 14 1/2 cents on Wednesday. Analysts anticipate corn bookings in today’s USDA Export Sales update to be between 0.7-1.5 MMT. EIA data showed a 28k bpd production increase as ethanol producers averaged 941,000 bpd on the week ending 10/23. Ethanol stocks were drawn down 120k barrels @ 19.601 million barrels. Spot DDG prices were listed from $145 (W. IA) to $210/ton (KS) from the week ending 10/23.

--- provided by Brugler Marketing & Management




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