Corn prices surged on Wednesday, with contracts up 7 to 8 cents before the Thanksgiving break. The national average Cash Corn price closed at $4.04. USDA to release Export Sales report on Friday. Ethanol production hit 1.113 million barrels per day, near record levels. Dec 25 Corn closed at $4.31 3/4, up 8 1/4 cents.

Analysts expect corn bookings to reach 1.4-2.5 MMT for the current marketing year and 0.5 to 1 MMT for the next. USDA backlog of daily announcements shows 1.59 MMT for 2025/26 and 548,640 MT for 2026/27. Market closed on Thanksgiving, opens on Friday at 8:30 CST.

Weekly EIA data revealed ethanol production at 1.113 million barrels per day, up 22,000 bpd from the week before. Ethanol stocks dropped to 21.968 million barrels. Ethanol exports down to 122,000 bpd, with refiner inputs at 885,000 bpd. Mar 26 Corn closed at $4.45 1/4, up 7 cents. May 26 Corn closed at $4.53, up 6 1/4 cents.

Read more at Yahoo Finance: Corn Rallies Ahead of Turkey Day