Corn Slipping Lower on Tuesday

Core Insights - Corn futures are experiencing slight losses across most contracts, with the national average cash corn price at $3.78 1/2 [1] - The USDA's Crop Progress report was not released due to the government shutdown, with expectations for corn harvest completion at approximately 29% and conditions rated at 65% good/excellent, a decrease of 1% from the previous week [1] Group 1: Market Performance - December 25 Corn is priced at $4.21 1/4, down 1/2 cent, while nearby cash corn is at $3.78 1/2, up 2 1/2 cents [2] - March 26 Corn is at $4.37 1/2, down 3/4 cent, and May 26 Corn is at $4.46 1/4, down 1 cent [2] Group 2: Production Estimates - Analysts estimate corn yield at 185 bushels per acre (bpa), a decrease of 1.7 bpa from September, amid expectations of a suspended Crop Production report due to the government shutdown [2] - Brazilian corn exports in September reached 7.56 million metric tons (MMT), marking a 10.43% increase from August and a 17.77% increase compared to the previous year [2]