Corn Starting Friday with Slight Losses

Price Movement - Corn prices are down 1 to 2 cents in the front months on Friday morning, following a higher trading session on Thursday where contracts increased by up to 2.5 cents in nearby contracts [1] - December futures are set to expire today, with 6 deliveries issued overnight [1] Export Sales - Export sales data indicates a 4-week high of 2.38 million metric tons (MMT) of corn sold for the week ending on November 13, which is 59.3% larger than the same week last year [2] - Total export sale commitments reached 40.7 MMT (1.6 billion bushels), marking a 29.7% increase compared to the same November week last year, reflecting a record buying pace [2] Export Data - Delayed Census data revealed that September corn exports hit a record 6.978 MMT (274.7 million bushels), which is 9.09% larger than August and 60.93% larger than the same month last year [3] - Distiller exports were reported at 1.059 MMT, which is 1.47% above last year, while ethanol shipments totaled 148.4 million gallons during September [3] Futures Prices - As of the latest data, December 25 Corn closed at $4.35 1/4, up 0.5 cents, while March 26 Corn closed at $4.46 1/2, up 2.25 cents [3] - Nearby cash corn price was reported at $4.01 1/2, up 2.5 cents, and May 26 Corn closed at $4.54 1/4, up 2.5 cents [3]