<div id="readability-page-1"><div> Corn price action is up 1 to 2 ½ cents in the front months on Thursday morning. Futures saw some buying off the early overnight lows, but still managed to close with losses of 1 ¾ to 3 ½ cents. Open interest suggested longs were exiting on Wednesday, down 8,641 contracts on the losses. The CmdtyView national average Cash Corn price was down1 1/2 cents at $4.08. Crude oil was down $16.45 on the day following a 2-week ceasefire between Iran and the US that includes the reopening of the Strait of Hormuz. It is back up $4.55 this morning as traffic has been limited.EIA data from Wednesday morning showed ethanol at a total of 1.116 million barrels per day in the week ending on 4/3. That was a 41,000 bpd increase on the week. Stocks saw a 62,000 barrel increase, to 26.053 million barrels. Exports were up 80,000 bpd to 203,000 bpd, as refiner inputs were down 8,000 bpd to 895,000 bpd. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.Export Sales data will be released on Thursday, with analysts looking for 0.75-1.6 MMT in old crop corn commitments. New crop is seen 0-100,000 MT.Ahead of the Thursday WASDE update, analysts surveyed by Bloomberg are looking for a slight increase (3mbu) from March to 2.13 bbu for the US carryout projection. World ending stocks are seen 0.4 MMT higher to 293.2 MMT.South Korean importers purchased 136,000 MT of corn in tenders overnight, following the purchases from Wednesday.May 26 Corn closed at $4.47 1/4, down 1 3/4 cents, currently up 2 1/2 centsNearby Cash was $4.08, down 1 1/2 cents,Jul 26 Corn closed at $4.58, down 2 cents, currently up 2 1/4 centsDec 26 Corn closed at $4.76, down 2 cents, currently up 1 3/4 centsNew Crop Cash was $4.33 3/8, down 2 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. </div></div>

CORN

VEGI

562900

159825

516550

159698

516810

Corn prices increased by 1 to 2.5 cents in the front months on Thursday morning, despite closing with losses of 1.75 to 3.5 cents. Open interest fell by 8,641 contracts, indicating long positions were exiting. The national average cash corn price decreased by 1.5 cents to $4.08. Crude oil prices dropped significantly but rebounded by $4.55 due to limited traffic. Analysts expect old crop corn commitments between 0.75-1.6 MMT in the upcoming export sales data. The WASDE update anticipates a slight increase in US carryout projections to 2.13 billion bushels.

Corn Bouncing Ahead of USDA Data