CBOT Corn Settles Lower
December corn on the CBOT fell 7.6 cents to $3.79 per bushel due to declines in outside markets. Crude oil fell over $1.92 to settle at $94.78 per barrel. In addition, December gold fell over $27 to $807.70 per ounce, and December silver dropped 78.3 cents to $14.762 per ounce. Corn's market direction Tuesday will once again be determined by outside markets. The weekly crop progress report is due out tomorrow at 4 p.m.
Ethanol producers benefited today:
It is SHOCKING to note that Pacific Ethanol paid $4.54 per bushel for their third quarter corn. VeraSun's CEO Donald Endres expects VeraSun's corn costs to be in the $2.90-$3.00 range.
Ethanol producers benefited today:
| Plant Name (Company) | Yesterday's Corn Bid | Today's Corn Bid |
| Aurora Plant (Verasun) | $3.53 | $3.45 |
| Fort Dodge Plant (Verasun) | $3.67 | $3.61 |
| Charles City Plant (Verasun) | $3.63 | $3.55 |
| Iowa Falls Plant (Hawkeye) | $3.63 | $3.59 |
| Fairbanks Plant (Hawkeye) | $3.65 | $3.61 |
| Iroquois Plant (Iroquois Bio-Energy) | $3.64 | $3.61 |
| Redfield Plant (Redfield Energy) | $3.51 | $3.47 |
| Glacial Plant (Glacial Lakes Energy) | $3.49 | $3.47 |
It is SHOCKING to note that Pacific Ethanol paid $4.54 per bushel for their third quarter corn. VeraSun's CEO Donald Endres expects VeraSun's corn costs to be in the $2.90-$3.00 range.

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