Corn Slipping to Start a New Week

Group 1 - Corn futures are down 2 to 3 cents across most contracts, with the national average cash corn price at $3.94 1/2, down 2 1/4 cents [1] - A private export sale of 150,320 MT of corn was reported to unknown destinations [1] - USDA reported corn export shipments at 1.589 MMT during the week ending December 11, which is 9.07% below the previous week but 37.25% larger than the same week in 2024 [2] Group 2 - Mexico was the top destination for corn exports, receiving 488,231 MT, followed by Japan with 301,240 MT and Spain with 219,729 MT [2] - Marketing year exports for 2025/26 reached 22.501 MMT since September 1, which is 68.74% larger than the same period last year [2] - A total of 1.84 MMT of corn was booked in the week of November 20, which is 73.4% larger than the same week last year [3]