Corn Fades Lower on Monday

Group 1: Market Overview - Corn futures experienced weaker trading on Monday, with contracts down by 2 cents, and the national average cash corn price decreased by 1 1/4 cents to $3.98 1/4 [1] - The USDA's upcoming report is anticipated to influence market dynamics, with analysts expecting a reduction in US corn ending stocks by 9 million bushels from the previous report [3] Group 2: Export Data - Export inspections data indicated that 1.453 million metric tons (MT) of corn were shipped in the week ending December 4, marking a 10.89% decrease from the previous week but a 36% increase compared to the same week last year [2] - Mexico was the leading destination for corn exports, receiving 520,691 MT, followed by Japan with 310,828 MT and Taiwan with 81,209 MT [2] - Cumulative marketing year shipments reached 20.63 million metric tons (MT), reflecting a significant year-over-year increase of 69.36% [2] Group 3: Crop Estimates - Brazil's AgRural has projected the Brazilian corn crop for 2025/26 at 135.3 million metric tons (MMT), which is a decrease of 5.8 MMT from the previous year [4] - The USDA's current estimate for the Brazilian corn crop stands at 131 MMT, which is subject to revision in the upcoming WASDE report [4]