Group 1 - Corn futures have decreased by 1 to 2 cents, while new crop contracts are showing gains, with the CmdtyView national average Cash Corn price at $3.93 1/4, down 2 cents [1] - The average close for December futures in February has been $4.58, as the base spring price for crop insurance is being established [1] - A private export sale of 230,560 MT of corn to unknown destinations was reported by USDA [2] Group 2 - Export Sales data is expected to be released on Thursday, with traders anticipating between 0.6-1.1 MMT of 2025/26 corn sold for the week of February 5 [2] - Ethanol production increased by 154,000 barrels per day to 1.11 million barrels per day for the week ending February 13, while ethanol stocks rose by 111,000 barrels to 25.247 million barrels [3] - Exports of ethanol decreased by 79,000 barrels per day to 137,000 bpd, with refiner inputs increasing by 50,000 bpd to 841,000 bpd [3]

Group 1 - Corn futures have decreased by 6 to 7 cents in the nearby contracts, with the CmdtyView national average cash corn price down by 6 1/4 cents to $3.89 3/4 [1][2] - Analysts estimate that US exporters sold between 0.8 to 2 million metric tons (MMT) of corn in the week ending October 30 [2] - Brazil's corn exports for November are projected to reach 5.57 MMT, an increase from 4.92 MMT in the previous year, with October exports reported at 6.5 MMT, slightly up from 6.4 MMT last year [2] Group 2 - December 25 corn futures are priced at $4.29, down 6 1/4 cents, while March 2026 corn is at $4.43 1/2, down 6 cents, and May 2026 corn is at $4.52, down 6 1/4 cents [2]

Core Insights - Corn futures are currently trading lower, with contracts down by 2 to 3 cents, and the national average cash corn price is reported at $3.79 ½, down by 2 3/4 cents [1] - A private export sale of 110,000 MT of corn to Mexico for the 2025/26 shipment was reported by the USDA [1] - The USDA's Export Sales report indicated a total of 1.23 MMT of corn sold for the 2025/26 period in the week ending on September 11, which is 45.4% higher than the same week last year [2] Market Data - Brazil's corn crop for 2025/26 is estimated at 138.28 MMT, a decrease of 1.42 MMT from the previous marketing year, while acreage is expected to increase by 770,000 hectares to 22.63 million hectares [3] - Current corn prices include Dec 25 Corn at $4.24, Nearby Cash at $3.79 ½, Mar 26 Corn at $4.41 3/4, and May 26 Corn at $4.51 3/4, all showing a decline of 2 to 2 3/4 cents [3]