Corn Falling on Monday as Traders Come Back from Holiday

Group 1 - Corn futures have decreased by 2 to 3 cents across most contracts, with the national average Cash Corn price at $3.99 ¼ [1] - The Export Inspections report indicated that 1.421 MMT (55.95 million bushels) of corn were shipped in the week of 11/27, which is 49.79% higher than the same week last year but a 16.18% decrease from the previous week [2] - Japan was the largest buyer of corn, importing 431,700 MT, followed by Mexico with 330,150 MT and Colombia with 187,948 MT [2] Group 2 - The accumulated corn export sales for the marketing year have reached 18.97 MMT (746.7 million bushels), which is 70.69% above the same period last year [2] - Export Sales data for the week ending on 10/23 showed sales at 1.8 MMT, which is 36% lower than the previous week and within the estimated range of 1.1-2.5 MMT [3] - The Brazilian first corn crop is reported to be 99% planted, surpassing last year's pace of 97%, with StoneX estimating the crop at 134.4 MMT, a slight decrease of 0.6% from previous estimates [4]