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Corn Faces Pressure on Wednesday as Bulls Fight Back into the Close

Barchart
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Corn futures fell 2¾ to 3½ cents Wednesday but recovered 5-6 cents from session lows, closing at $4.54¼ for May contracts, while cash prices rose ¾ cent to $4.15¾. Crude oil dropped $2.51 after President Trump signaled Iran may seek a ceasefire, with markets awaiting his evening address for further conflict updates. Ethanol production fell 41,000 bpd to 1.075M bpd, with stocks drawing 1.179M barrels, though exports rose slightly to 123,000 bpd, per EIA data. USDA reported February corn grind at 424.8M bushels, up 0.73% yearly but down 8% from January, with ethanol use trailing last year’s pace by 7M bushels. Traders anticipate Thursday’s export sales data to show 0.9-1.6M metric tons of old-crop corn sold, ahead of Good Friday’s market closure.
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AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks Corn Faces Pressure on Wednesday as Bulls Fight Back into the Close April 01, 2026 — 08:47 pm EDT Written by Austin Schroeder for Barchart-> Corn futures closed 5-6 cents off the early session lows on Wednesday, as contracts still settled 2 ¾ to 3 ½ cents lower, with some deferred higher. The CmdtyView national average Cash Corn price was up 3/4 cent at $4.15 3/4. Crude Oil closed the day down $2.51 after a post from President Trump suggested Iran is looking for a ceasefire. He is expected to address the nation later this evening, likely providing some more clarity on the next steps of the conflict. Thursday will be the last trade day for the week as the markets are off for Good Friday.EIA data from this morning showed ethanol at a total of 1.075 million barrels per day in the week ending on 3/27. That was a 41,000 bpd drop on the week. Stocks saw a 1.179 million barrel draw, mostly in the Midwest and Gulf, to 25.991 million barrels. Exports were up 4,000 bpd to 123,000 bpd, as refiner inputs were 14,000 bpd to 903,000 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 out on Thursday, with traders looking for 0.9-1.6 MMT of old crop corn sold in the week of 3/26, with new crop seen 0-100,000 MT. USDA’s Grain Crushing report showed February corn grind at 424.8 million bushels. That was a 0.73% jump from last year but down 8% from January. Marketing year corn used for ethanol now stands at 2.744 billion bushels, down 7 mbu from a year ago. USDA’s balance sheet is calling for a 111 mbu increase yr/yr.May 26 Corn closed at $4.54 1/4, down 3 1/2 cents,Nearby Cash was $4.15 3/4, up 3/4 cent,Jul 26 Corn closed at $4.65, down 3 1/4 cents,Dec 26 Corn closed at $4.81 1/4, down 3 cents,New Crop Cash was $4.38 7/8, down 3 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. More news from Barchart 1 Winning Trade Idea to Play Fertilizer Shortages and Rising Prices Mark Your Calendars: Grain Traders Brace for Major USDA Data Points Tuesday Bulls Are in Control of Soybean Meal. Make This 1 Trade Now.

Are Beans Going to Trade in the Teens? The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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