Corn Starting Tuesday Trade within a Penny of Unchanged

Group 1 - Corn price action is mixed, with futures closing steady to fractionally higher on Monday, and the national average cash corn price remaining unchanged at $3.94 1/2 [1] - Preliminary open interest decreased by 39,395 contracts on Monday, primarily in March, which saw a drop of 67,295 contracts, while May increased by 20,505 contracts [1] - A private export sale of 125,000 MT of corn to Colombia was reported by USDA on Monday morning [1] Group 2 - The Export Inspections report indicated that 2.05 MMT (79.94 million bushels) of corn was shipped in the week of February 19, marking a 33.26% increase from the previous week and a 71.91% increase compared to the same week last year [2] - Japan was the largest destination for corn shipments, receiving 445,467 MT, followed by Mexico with 416,671 MT and South Korea with 404,881 MT [2] - The total corn shipped since September 1 for the marketing year is now 37.745 MMT (1.486 billion bushels), which is 45.64% larger than the same period last year [2]