Corn Showing Positive Trade at Midday

Core Insights - Corn futures are experiencing slight gains, with the national average cash corn price increasing to $3.69 1/2 [1] Export Data - USDA reported corn export shipments at 1.129 MMT (44.47 mbu) for the week ending October 9, marking a 119.74% increase compared to the same week last year, but a decrease of 33.61% from the previous week [2] - Mexico was the leading destination for corn exports, receiving 299,156 MT, followed by Colombia with 202,680 MT and South Korea with 140,416 MT [2] - Cumulative exports for the marketing year 2025/26 have reached 7.94 MMT (312.59 mbu) since September 1, which is 64.97% higher than the same period last year [2] Market Estimates - Taiwan has tendered for up to 65,000 MT of corn, with offers due by Wednesday [3] - CONAB has increased its estimate for the 2025/26 Brazilian corn crop by 0.32 MMT to 138.6 MMT [3] - ANEC estimates Brazilian corn exports for October at 6.46 MMT, reflecting a 0.4 MMT increase from the previous week's estimate [3] Price Movements - December 25 corn is priced at $4.12 1/4, up 1 1/2 cents, while nearby cash corn is at $3.69 1/2, up 1 cent [3] - March 26 corn is at $4.28 1/2, up 1 1/4 cents, and May 26 corn is at $4.37 1/4, up 3/4 cent [3]