Corn Slipping Back to Start Tuesday

Core Insights - Corn prices experienced a slight decline of 1 to 2 cents across front months, with futures showing higher trade at Monday's close [1] - The Export Inspections report indicated a total of 1.317 MMT of corn shipped in the week of 10/16, marking an 8.9% increase from the previous week and a 31.62% increase from the same week last year [2] - Mexico emerged as the largest buyer of U.S. corn, purchasing 443,141 MT, followed by Japan and Spain [2] Price and Market Data - The CmdtyView national average Cash Corn price rose by 1 cent to $3.81 1/2 [1] - December corn futures closed at $4.23 1/4, up 3/4 cent, while March and May futures closed at $4.37 and $4.45 1/4 respectively, showing slight increases [3] - The marketing year total for corn shipments reached 9.338 MMT, which is 60.61% higher than the same period last year [2] Trade and International Relations - President Trump's threat to cut aid and increase tariffs on Colombia could impact corn exports, as Colombia is a top buyer of U.S. corn [3] - A South Korean importer purchased 67,000 MT of corn in a recent tender, indicating ongoing international demand [3]