Slipping to Start Wednesday Trade

Market Overview - Corn prices are experiencing a slight decline of 1 to 2 cents early on Wednesday, following gains of 1 to 2 cents across most futures contracts on Tuesday [1] - The CmdtyView national average Cash Corn price increased by 2 cents to $3.98 1/4 [1] Crop Progress - The USDA's Crop Progress report indicates that 91% of the corn crop has been harvested as of November 16, which is behind the 94% average harvest pace over the last five years [2] Import Activity - A South Korean importer has purchased between 130,000 to 135,000 metric tons of corn in a tender on Tuesday, with the origin of the corn yet to be announced [3] Futures Market Data - December 25 Corn closed at $4.36 3/4, up 2 cents, but is currently down 2 cents - Nearby Cash Corn is at $3.98 1/4, up 2 cents - March 26 Corn closed at $4.49 1/2, up 1 1/2 cents, currently down 1 3/4 cents - May 26 Corn closed at $4.56 1/2, up 1 cent, currently down 1 1/2 cents [4]