Corn prices are up 1 to 2 cents on Wednesday, after failing to hold midday gains on Tuesday. Open interest was down 17,277 contracts, with the national average Cash Corn price at $4.08 ½. EIA data expected to show steady to slightly lower ethanol output. Export sales commitments at 50.538 MMT, up 30% from last year.

Brazil’s corn exports in December were 6.128 MMT, up 43.6% from last year and 21.75% from November. Mar 26 Corn closed at $4.44, down 1/2 cent, currently up 1 1/4 cents. Nearby Cash was $4.05 1/4, down 1/2 cent. May 26 Corn closed at $4.51 1/4, down 3/4 cent, currently up 1 1/2 cents. Jul 26 Corn closed at $4.57, down 1 1/4 cents, currently up 1 cent.

Read more at Yahoo Finance: Corn Showing Slight Gains on Wednesday Morning