Corn Holding in Positive Territory at Monday’s Midday

Core Insights - Corn futures are experiencing slight gains, with the national average cash corn price reported at $3.76, down 2.25 cents from the previous Friday [1] Export Data - Export inspections data indicates that 1.6 million metric tons (MMT) of corn were shipped in the week ending October 2, marking a 3.94% increase from the prior week and a significant 68.74% increase year-over-year [2] - Mexico was the leading destination for corn exports, receiving 457,117 MT, followed by Japan with 231,859 MT and Spain with 207,861 MT [2] - Total marketing year shipments have reached 6.709 MMT, which is 56.06% larger compared to the same period last year [2] Brazilian Corn Crop - AgRural reports that 40% of the Brazilian first corn crop has been planted as of Thursday in the center-south region, an increase from 37% during the same week last year [3]