Corn futures are down 1 to 2 ½ cents at midday, with most contracts feeling pressure continue to start the week. The CmdtyView national average Cash Corn price is 2 ½ cents lower at $3.68 1/4.
Amid the government shutdown, Monday is Columbus Day, a federal holiday. Thus, the Export Inspections report that would normally be out this morning is pushed back to Tuesday.
Harvest may be slowed in the back half of the next week, with some heavier totals expected in the ECB and lighter totals across the rest of the country.
AgRural estimates the Brazilian first corn crop at 45% planted as of Thursday in the central south region. That is ahead of the 41% of the same period last year.
Dec 25 Corn is at $4.10 1/2, down 2 1/2 cents,
Nearby Cash is at $3.68 1/4, down 2 1/2 cents,
Mar 26 Corn is at $4.27, down 2 cents,
May 26 Corn is at $4.36 1/4, down 1 3/4 cents,
