US ethanol production down - inventories down

Euronext corn showed no momentum yesterday and ended trading with a sideways movement. The red signs prevailed on the CBoT. The May contract fell by around $0.50 US cents per bushel and thus had a settlement of the equivalent of 158.64 euros/ton. The latest data on US ethanol production showed that it fell by 33,000 barrels last week to 1.024 million barrels. Inventories also fell by 0.3 million barrels to 25.78 million barrels.

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