Corn Bulls Pushing Back Higher on Thursday as Export Business Picks Up

Group 1 - Corn futures are experiencing gains of 3 to 6 ¼ cents at midday, with the national average cash corn price rising by 4 cents to $4.02 3/4 [1] - The USDA reported a private export sale of 100,800 MT of corn to Colombia and 392,500 MT to Mexico [1] - Export sales for the week of October 30 totaled 1.99 MMT of corn, exceeding trade expectations of 0.8-2.5 MMT and marking the third largest total for the marketing year [2] Group 2 - Brazil's corn exports for December are estimated at 4.99 MMT, an increase from 3.62 MMT during the same period last year [2] - Statistics Canada projects 2025 corn production at 14.867 MMT, reflecting a 3.1% decrease from the same week last year [3] - Various corn futures prices are reported, with December corn at $4.37 3/4 (up 6 1/4 cents), nearby cash at $4.02 3/4 (up 4 cents), March 26 corn at $4.47 1/4 (up 3 3/4 cents), and May 26 corn at $4.54 (up 3 1/4 cents) [3]