Corn Posting Tuesday Losses

Group 1 - Corn futures are experiencing losses of 4 to 6 cents across front months, with the national average cash corn price down 4.5 cents at $3.94 3/4 [1] - USDA's FGIS reported corn export shipments at 1.492 million metric tons (MMT) during the week ending February 12, which is 7.31% lower than the previous week and 8.06% lower than the same week last year [2] - Mexico was the leading destination for corn exports, receiving 517,215 MT, followed by Japan with 332,968 MT and Colombia with 133,771 MT [2] Group 2 - Marketing year exports for 2025/26 have reached 35.727 MMT since September 1, representing a 44.36% increase compared to the same period last year [2] - Large managed money speculators reduced their net short position by 20,576 contracts as of February 10, resulting in a net short of 48,210 contracts [3] - Brazil's first corn crop is estimated to be 22% harvested, lagging behind last year's pace of 29%, while second crop planting is at 31% complete, below the 36% pace in 2025 [3]