Corn futures are trading with fractional to penny gains so far on Monday. The CmdtyView national average Cash Corn price was down 2 1/4 cents on Friday at $3.76.
Export Inspections data showed 1.6 MMT (62.99 mbu) of corn shipped in the week that ended on October 2, which was an increase of 3.94% from the week prior and 68.74% above the same week last year. Mexico was the top destination of 457,117 MT, with 231,859 MT to Japan and 207,861 MT to Spain. Marketing year shipments have totaled 6.709 MMT (264.11 mbu), 56.06% larger yr/yr.
AgRural estimates the Brazilian first corn crop at 40% planted as of Thursday in the center south region. Last year at the same week was listed at 37%.
Dec 25 Corn is at $4.20, up 1 cent,
Nearby Cash was at $3.76 1/1, down 2 1/4 cents,
Mar 26 Corn is at $4.36 1/4, up 1/2 cent,
May 26 Corn is at $4.45 3/4, up 1/2 cent,
