“Prices were steady to $.02 lower while spreads weakened. May-26 has MA support near $4.48. Corn used for ethanol production in Feb-26 at 425 mil. bu. was slightly above expectations of 422 mil. YTD usage is down less than .5% from YA vs. the USDA forecast of up 3%. I look for a modest cut to corn usage for ethanol. The BAGE kept their Argentine production forecast at 57 mmt, well above the USDA forecast of 52 mmt. They report harvest progress at 19%. US exports at 49 mil. bu. last week were in line with expectations and bring old crop commitments to 2.757 bil. bu. up 29% from YA, vs. the USDA forecast of up 15.5%,” according to Mark Soderberg with ADM Investor Services.