Corn Sticking Close to Unchanged on Tuesday

Group 1 - Corn futures are showing mixed performance, with nearby contracts steady to a penny lower and deferred contracts fractionally higher, while the national average cash corn price is down to $3.86 [1] - Export inspections data indicates that corn shipments totaled 1.484 million metric tons (MMT) for the week ending January 15, reflecting a decrease of 1.35% from the previous week and 3.81% from the same week last year, with Mexico being the top destination [2] - Managed money in corn futures and options increased their net short position by 65,348 contracts as of January 13, bringing the total net short to 81,774 contracts, marking the largest short interest since October [3] Group 2 - AgRural reports that the first Brazilian corn crop is 1.6% harvested and the second crop is 1.1% planted, while ANEC estimates Brazilian corn exports for January at 3.45 MMT, an increase of 0.18 MMT from the previous week [4]