Corn Closes Slightly Higher on Thursday

Group 1 - Corn futures experienced fractional to 2 cent gains, with the CmdtyView national average Cash Corn price increasing by 1 3/4 cents to $3.95 1/4 [1] - Export Sales data indicated 1.649 MMT of corn sales for the week of January 22, which is a decrease from the previous week but still 21.4% higher than the same week last year [1] - Japan was the leading buyer of corn, purchasing 365,100 MT, followed by Mexico with 350,800 MT and Colombia with 339,500 MT [1] Group 2 - Census trade data revealed a total of 7.305 MMT (287.6 million bushels) of corn shipped in November, marking the second largest total for the month on record and the highest monthly total since last April [2] - Distillers exports fell to 933,557 MT compared to the previous year, while ethanol exports reached a record 211.33 million gallons for November, the second largest monthly total on record [2] - As of March 26, Corn closed at $4.30 3/4, with nearby Cash at $3.95 1/4, and May and July Corn closing at $4.39 and $4.45 3/4 respectively, reflecting slight increases [2]