Corn Rallying on Monday

Group 1 - Corn futures have increased by 7 to 10 cents across most contracts, with the national average Cash Corn price rising by 7 ¾ cents to $3.90 ½ [1] - Export Inspections data revealed that 1.187 MMT (46.75 million bushels) of corn was shipped in the week ending October 23, marking a 10.38% decrease from the previous week but a 38.11% increase compared to the same week last year [1] - Mexico was the leading destination for corn exports, receiving 366,473 MT, followed by South Korea with 173,669 MT [1] - Total marketing year shipments have reached 10.533 MMT (414.68 million bushels), reflecting a year-over-year increase of 57.83% [1] Group 2 - US and Chinese negotiators had productive discussions in Malaysia, resulting in a framework for upcoming talks between President Trump and President Xi, although no specific mentions of corn were made [2] - As of Thursday, AgRural estimates that 55% of the 2025/26 Brazilian first corn crop has been planted [2] - December 25 Corn futures are priced at $4.31, up 7 ¾ cents, while March 26 and May 26 Corn futures are at $4.46 ½ and $4.55 ¼, respectively, both showing increases of 9 ½ cents [2]