"Prices were $.04-$.06 lower while spreads also weaken. Dec-26 rejected trade above yesterday’s high before pulling back to the midpoint of yesterday’s range. Support below the market is at $4.88. The Reuter’s poll shows the Ave. production estimate at 15.721 bil. bu. with stocks at 1.670 bil., very much in line with our expectations of production at 15.710 bil. and stocks at 1.695 bil. Brazil’s corn shipments in Sept-26 reached 5.2 mmt, down 31% YOY. U.S. ethanol production jumped to 310 mil. gallons last week, up from 296 mil. the previous week while down 1.7% YOY. There was 103 mil. bu. of corn used in the production process, or 14.77 mil. bu. per day. In the MY to date there has been 473 mil. bu. used, or 14.8 mbd, an annualized pace of 5.391 bil. bu. well below the USDA forecast of 5.60 bil. bu. Stocks slipped to 23.7 mil. barrels, still above 22.7 mb from YA," noted Mark Soderberg with ADM Investor Services.