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Corn Futures Lower, Beans Higher Overnight; Weekly Ethanol Output, Stockpiles Fall

Grains, Beans Surge in Overnight Trading; Weekly Export Sales of Corn Improve

Wheat futures and corn futures were lower overnight whiile soybean futures were higher.

Corn futures, wheat futures and soybean futures were all higher in overnight trading.

2. Ethanol Production Rises to Three-Week High While Stockpiles Plunge Ethanol output rose to the highest level in three weeks while stockpiles plunged to the lowest since October, according to the Energy Information Administration. Production of the biofuel increased to an average of 945,000 barrels a day in the week that ended on April 23, the EIA said in a report. That’s up from 941,000 barrels, on average, the previous week and the highest level since the seven days that ended on April 2. In the Midwest, by far the biggest producing region, output rose to an average of 897,000 barre...