Corn bulls were taking some money off the table on the wobble Wednesday session, as contracts were down 5 to 6 cents in the nearbys and new crop December ¼ cent lower. The national average Cash Corn price from cmdtyView was down 5 3/4 cents at $4.49 1/4.

USDA reported a private export sale of 136,000 MT of corn to unknown destinations this morning for 2024/25 shipment. Weekly EIA data will be released on Thursday morning showing weekly ethanol production a day late.

S&P Global estimates the 2025 corn acreage to total 93.5 million acres, a 700,000 acre increase from the December estimate.

A South Korean importer purchased a total of 136,000 MT of corn overnight. Algeria has tendered for 240,000 MT of corn, with offers due on Thursday.

Mar 25 Corn  closed at $4.84 1/4, down 5 3/4 cents,

Nearby Cash  was $4.49 1/4, down 5 3/4 cents,

May 25 Corn  closed at $4.94, down 5 3/4 cents,

Dec 25 Corn  closed at $4.59 1/2, down 1/4 cent,

New Crop Cash  was $4.30 1/4, down 3/4 cent,