Corn futures closed the session with most contracts 1 to 3 1/2 cents lower on less than supportive ethanol data.

Stocks of ethanol rose to a record 24.448 million barrels, as lack of rail movement caused stocks in the Midwest to rise to record 9.262 million barrels.

US exports of corn during January totaled 4.666 MMT (183.68 mbu), up 7.38% from Dec and 21.52% larger yr/yr. Exports of DDGs totaled 806,615 MT in January, with ethanol at a monthly record 127.9 million gallons.