Corn Posting Wednesday AM Gains

Price Movement - Corn prices increased by 2 to 3.5 cents in the front months on Wednesday, following fractional to penny losses in nearby contracts on Tuesday [1] - The CmdtyView national average Cash Corn price decreased by 1.25 cents, settling at $3.86 [1] Export Data - Export Inspections data indicated that corn shipments totaled 1.484 million metric tons (MMT) or 58.4 million bushels (mbu) for the week ending January 15, reflecting a decrease of 1.35% from the previous week and 3.81% year-over-year [2] - Mexico was the leading destination for corn exports, receiving 401,809 MT, followed by Colombia with 252,324 MT and Japan with 243,588 MT [2] - Cumulative marketing year shipments reached 29.92 MMT (1.178 billion bushels), representing a year-over-year increase of 55.46% [2] Additional Market Activity - A Taiwan importer acquired 65,000 MT of US corn in a recent tender [3] - ANEC projected Brazilian corn exports for January at 3.45 MMT, marking an increase of 0.18 MMT from the previous week [3] - Closing prices for various corn futures on March 26 showed slight declines, with May 26 Corn at $4.31 1/4 and July 26 Corn at $4.37 3/4, both down marginally [3]