Corn Starting Tuesday with Weakness

Price Movement - Corn prices are down 1 to 1 ½ cents on Tuesday morning, with futures showing weakness on Monday, down 1 to 2 cents in nearby contracts [1] - The CmdtyView national average Cash Corn price decreased by 1 cent to $3.95 [1] Export Data - USDA reported corn export shipments at 1.589 million metric tons (MMT) during the week ending December 11, which is 9.07% lower than the previous week but 37.25% higher than the same week in 2024 [2] - Mexico was the leading destination for corn exports, receiving 488,231 MT, followed by Japan with 301,240 MT and Spain with 219,729 MT [2] - For the marketing year 2025/26, total corn exports since September 1 reached 22.501 MMT (885.84 million bushels), representing a 68.74% increase compared to the same period last year [2] Market Activity - Export Sales data indicated a total of 1.84 MMT of corn booked in the week of November 20, which is a decrease from the previous week but still 73.4% larger than the same week last year [3] - Managed money shifted back to a net short position of 10,872 contracts in the week ending November 25, reflecting a move of 48,999 contracts to the short side [3] - Closing prices for corn futures on March 26 were $4.39 3/4, down 1 cent; May 26 closed at $4.47 3/4, down 1 1/4 cents; and July 26 closed at $4.53 3/4, down 1 1/4 cents [3]