Corn Futures Little Changed

March Corn is trading at 367 1/2 , down 3/4 of a cent/bushel.

May Corn is trading at 374 3/4, down 1 cent/bushel.

Corn futures are trading rangebound after Wednesday's move up.

The European Commission reduced EU corn stocks for the 2016 - 2017 season to 9.95 million tonnes from 15.9 million tonnes due to better ethanol use over the past few years.

Corn used for last week's ethanol production totaled 111.41 million bushels. Corn used this crop year for ethanol production now at 2.27 billion bushels.