Corn Futures Surge, Ethanol Production Dips

Corn futures surged on November 14th, with contracts rising by 4 to 6.5 cents, and the national average cash corn price climbing by 6.5 cents to $4.025. Ethanol production dipped slightly to 1.075 million barrels per day, while ethanol stocks decreased by 436,000 barrels. The USDA reported strong corn exports of 1.394 million metric tons, indicating robust international demand. Brazils CONAB estimated a higher corn crop, while South Korea and Taiwan made significant corn purchases, further boosting market sentiment.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.