Caught some decent action in corn on Wednesday with the front months up 1 to 3.5 cents. Cash corn sitting around $3.96 1/2, which is actually up about 3/4 cent from where it was trading. December contracts averaged $4.60 this month, down about a dime compared to last year - that's relevant for anyone tracking crop insurance pricing since we're down to just 3 days left on that window.

EIA data from earlier in the week showed ethanol production at 1.113 million barrels per day, barely down 5k bpd week over week. Stocks climbed to 25.646 million barrels, up 58k from the previous week. Refiner inputs stayed pretty steady at 866k bpd while ethanol stocks slipped 36k bpd to 141k bpd. Nothing too shocking there.

Looking at the wednesday quotes on specific contracts - Mar 26 corn is up 1.5 cents to $4.29 1/4, May 26 up 3.25 cents to $4.41 3/4, and Jul 26 up 2.5 cents to $4.50. Taiwan came in with a 65k MT tender for corn, expected to be US origin. Thursday's export sales report should be interesting - traders are watching for somewhere between 0.9 to 1.8 MMT of old crop corn to move. Pretty standard week of price discovery for this time of year.