Grains Extend Rebound Into Thursday as Corn, Soybeans and Wheat Advance

Overview

• Corn futures gained another 4 to 5 cents early Thursday after closing 7 to 9 cents higher Wednesday, with the national cash price up 9.25 cents to $4.20 and open interest rising by 18,163 contracts.
• EIA reported ethanol output at 1.093 million barrels per day for the week ending March 13 with stocks up to 26.407 million barrels, as crude rallied and U.S. gasoline prices climbed to $3.72.
• Soybeans stayed firmer with new‑crop contracts leading Wednesday’s advance and November up again early Thursday, while USDA confirmed a 120,000‑metric‑ton soybean meal sale for 2026/27 to unknown buyers.
• Wheat rallied by double digits Wednesday and added to gains Thursday, supported by a dry near‑term forecast for the Plains and a 105,025‑metric‑ton U.S. wheat purchase by Taiwan.
• USDA tallied weekly shipments of 1.658 million metric tons of corn and 966,082 metric tons of soybeans, as producer surveys pointed to fewer U.S. corn acres and more soybean acres this spring.