Corn Fading Lower at Midday

Core Insights - Corn futures are experiencing a decline of 1 to 2 ½ cents, indicating pressure on most contracts as the week begins [1] - The national average Cash Corn price has decreased by 2 ½ cents to $3.68 1/4 [1] - Due to the government shutdown and Columbus Day being a federal holiday, the Export Inspections report has been delayed until Tuesday [1] Market Conditions - Harvest activities may slow down in the latter half of next week, with heavier totals expected in the Eastern Corn Belt (ECB) and lighter totals across the rest of the country [2] - AgRural reports that as of Thursday, 45% of the Brazilian first corn crop has been planted in the central south region, which is an increase from 41% during the same period last year [2] Price Movements - December 25 Corn futures are priced at $4.10 1/2, down 2 ½ cents [2] - Nearby Cash Corn is at $3.68 1/4, also down 2 ½ cents [2] - March 26 Corn futures are at $4.27, down 2 cents, while May 26 Corn futures are at $4.36 1/4, down 1 3/4 cents [2]