Corn futures are down 5 to 6 cents, with the national average Cash Corn price at $3.99 3/4. Weekly EIA data shows record ethanol production at 1.126 million bpd, a 13,000 bpd increase. Export Sales expected to be 0.8-2 MMT. CFTC data shows managed money reducing net short positions, while commercials increase shorts. Taiwan importer seeks 65,000 MT of wheat.

Read more at Yahoo Finance: Corn Giving Gains Back Despite Record Ethanol Production