The USDA released the April Grain Crushing report.

Showing 432.75 million bushels were crushed during April. That is down 6% from March, but 8% larger than the previous April. This morning EIA report showed average daily production of 1.02 million barrels, up 10,000 barrels per day from the previous week. Ethanol stocks rose just 79,000 barrels to 22.763 million barrels. The monthly EIA report showed 1.037 million barrels per day average production during March, up 11,000 barrels per day from February. Analysts are estimating the USDA will announce 450,000-650,000 MT for old crop corn sales in the Friday edition of the Export Sales report, with 0-200,000 MT for new crop.