Corn futures experienced a decline on Turnaround Tuesday, with contracts dropping 3 to 4 cents in nearby trading. The national average Cash Corn price also fell by 3 cents to $3.79 1/2. December corn futures closed at $4.19, with only 8 trade days left to find the harvest crop insurance price.

The Energy Information Administration (EIA) report set to release Wednesday will reveal if ethanol production remains steady. A South Korean importer purchased 67,000 MT of corn in a recent tender. Brazil’s October corn exports are estimated at 6.57 MMT, with projections for ethanol production growth and increased ethanol imports.

Closing prices for corn futures showed a decline with Dec 25 Corn at $4.19 3/4, March 26 Corn at $4.33 3/4, and May 26 Corn at $4.41 3/4. These figures reflect the market’s response to recent trends and developments in the corn industry.

Read more at Yahoo Finance: Corn Faces Tuesday Losses