The corn market closed with gains on Wednesday, with contracts 1 to 2 ¼ cents higher, and the average Cash Corn price up 2 ¾ cents at $3.80 1/2. EIA data showed ethanol production rebounding to 1.071 million barrels per day, with stocks tightening to 22.72 million barrels. Ethanol exports were up to 138,000 bpd.

Export Sales data will not be reported due to the government shutdown, but traders expected 1.2-2 MMT of corn sold. ANEC estimates Brazilian corn exports at 6 MMT for October, up from 5.67 MMT in October 2024. Corn futures closed higher, with Dec 25 Corn at $4.22, Nearby Cash at $3.80 1/2, Mar 26 Corn at $4.37 3/4, and May 26 Corn at $4.46 1/4.

Read more at Yahoo Finance: Corn Posts Gains on Wednesday as Ethanol Output Rebounds