Corn Market Fractionally Higher

In the overnight trading corn futures moved fractions of a cent higher after ending the Wednesday session mixed. July futures remained UNCH, there were 3/4 cent losses in the Sep contracts, and nearby Mar and May posted gains. The national corn basis from cmdtyView was at -0.1388 for 01/22. Compared to last year it’s 18.91 cents firmer, and 9 out of the past 10 trading days it has tightened. The latest rounds of RIN generation were released, non-cellulosic (corn based D6) ethanol received 1.286 billion RINs from December production. The year’s total was 14.7087 billion gallons, and an average monthly generation rate of 1.225 billion. Total RINS for 2019 topped 19.75 billion gallons including imports, cellulosic, biodiesel, etc.

--- provided by Brugler Marketing & Management

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