Corn Showing Steady Trade on Tuesday AM

Price Action and Futures - Corn prices are steady to 1 ¼ cents higher on Tuesday, with futures showing a slight decline of 2 to 3 cents in the nearby contracts on Monday [1] - Preliminary open interest decreased by 8,707 contracts on Monday, primarily in the front two contracts [1] - The CmdtyView national average Cash Corn price has fallen to $3.99 [1] Export Inspections and Sales - The Export Inspections report indicated a total of 1.421 MMT (55.95 million bushels) of corn shipped in the week of 11/27, which is 49.79% higher than the same week last year but a decrease of 16.18% from the previous week [2] - Japan was the largest buyer, importing 431,700 MT, followed by Mexico with 330,150 MT and Colombia with 187,948 MT [2] - The total corn shipped for the marketing year now stands at 18.97 MMT (746.7 million bushels), representing a 70.69% increase compared to the same period last year [2] Export Sales Data - Export Sales data for the week ending on 10/23 showed a decline to 1.8 MMT, which is 36% lower than the previous week [3] - Accumulated sales, including both shipped and unshipped, are now 37% above last year at 35.37 MMT [3] - Specific closing prices for corn futures include Dec 25 at $4.32 3/4 (down 2 3/4 cents), Mar 26 at $4.45 (down 2 3/4 cents), and May 26 at $4.53 1/4 (down 2 1/2 cents) [3]