Corn Pops Higher on Thursday with Continued Export Business

Group 1 - Corn futures experienced gains on Thursday, with contracts increasing by 3 to 4 cents in most front months, and December futures rising by 6 ¼ cents [1] - The national average Cash Corn price reported by CmdtyView increased by 4 cents to $4.02 3/4 [1] - The USDA announced a private export sale of 100,800 MT of corn to Colombia and 392,500 MT to Mexico [1] Group 2 - Export Sales data for the week of October 30 indicated a total of 1.99 MMT of corn sold, exceeding trade expectations of 0.8-2.5 MMT, marking the third largest total for the marketing year [2] - Brazilian trade ministry data for November reported corn exports at 5.03 MMT, reflecting a 6.48% increase year-over-year but a 22.58% decrease from the previous month [3] - ANEC estimates December corn shipments from Brazil at 4.99 MMT, which is higher than the 3.62 MMT from the same period last year [3] Group 3 - Closing prices for corn futures on December 25 were as follows: $4.37 3/4 (up 6 1/4 cents), Nearby Cash at $4.02 3/4 (up 4 cents), March 26 at $4.47 1/4 (up 3 3/4 cents), and May 26 at $4.54 1/2 (up 3 3/4 cents) [4]