Corn Falls on Monday as Traders Digest the Middle East Situation

Group 1: Corn Market Overview - Corn futures closed down 1 ½ to 6 cents in most contracts, with the CmdtyView national average Cash Corn price at $4.17 3/4, down 6 cents [1][5] - Export Inspections data indicated that 1.7 MMT (66.9 million bushels) of corn were shipped in the week ending March 19, marking a 1.79% increase from the previous week and a 9.83% increase year-over-year [4] - Marketing year shipments of corn have totaled 44.58 MMT (1.755 billion bushels), reflecting a 37.8% year-over-year increase [4] Group 2: International Trade and Export Sales - The USDA reported a private export sale of 102,000 MT of corn sold to Mexico [3] - Mexico was the top destination for corn shipments, receiving 483,855 MT, followed by Japan with 327,512 MT and Colombia with 180,375 MT [4] Group 3: Brazilian Corn Crop Status - Brazil's AgRural estimates that the second corn crop is 97% planted as of last Thursday, compared to last year when planting was already completed by this point [5]