Corn futures are trading with fractional to as much as 3 cent gains on Thursday as the market kicks off trade in 2025. The national average Cash Corn price from cmdtyView is up 1 1/2 cents at $4.31. 

The delayed weekly EIA report showed a total of 1.111 million barrels per day of ethanol production in the week that ended on 12/27, a 4,000 bpd hike from the week prior. Stocks were on the rise, up 565,000 barrels to 23.639 million barrels. Ethanol exports slipped 67,000 bpd to 99,000 barrels per day, as refiner inputs of ethanol fell 61,000 bpd to 859,000 bps. We will also get Grain Crushings data this afternoon, with most expecting to see a large November grind given the weekly ethanol production data. 

Export Sales data will be released on Friday morning, with the trade looking for a total of 0.8 to 1.4 MMT in 2024/25 corn bookings in the week of 12/26, with 0-50,000 MT for 2025/26 sales.

StoneX estimates the 2024/25 corn crop out of Brazil at 128.6 MMT, up 0.3 MMT from their previous estimate. 

Mar 25 Corn is at $4.59 1/4, up 3/4 cent,

Nearby Cash is at $4.31, up 1 1/2 cents,

May 25 Corn is at $4.67, up 1 1/4 cents,

Jul 25 Corn is at $4.70 1/4, up 1 1/2 cents,