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“Prices range from down $.03 in old crop to $.03 higher in new crop. Old crop spreads widened while new crop spreads firmed a touch. July/Dec dipped back below $.20 on signs of slowing domestic usage. Today’s rebound in Dec-25 stalled just shy of its 50- and 100-day MA’s that converge near $4.54. Yesterday afternoon the USDA reported 454 mil. bu. of corn was used for ethanol production in Mch-25, down 4% from YA and below expectations. In the first 7 months of the 24/25 MY corn usage has reached 3.210 bil. up less than 1% from YA and in line with current USDA forecast,” reported Mark Soderberg with ADM Investor Services.