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Corn futures are trading steady to slightly higher this morning after closing fractionally mixed. Trade estimates for weekly export sales were in the 700,000 to 950,000 MT range, with nearly all of it expected to be new crop since the marketing year ends August 31. USDA reported net weekly new crop sales of 695,600 MT for the reporting week. Old crop cancellations were -32,700 MT. The weekly EIA report showed stocks of ethanol at 17.3 million barrels. That is a 5.1% decrease from the prior week and a 14-week low. Production slipped 2.56%, down to 913 thousand barrels per day. That was roughly a 96 million bushel weekly burn rate excluding DDG net back.