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Corn Posts Gains on Monday
Yahoo Financeยท 2025-11-03 23:27
Group 1 - Corn futures experienced gains of 2 to 4 cents across most contracts, with the CmdtyView national average Cash Corn price rising by 3 1/4 cents to $3.95 3/4 [1] - USDA reported corn export shipments at 1.669 million metric tons (65.7 million bushels) for the week ending October 30, marking a 34.31% increase from the previous week and more than double the same week last year [2] - Mexico was the leading destination for corn exports, receiving 512,336 metric tons, followed by South Korea with 282,975 metric tons and Japan with 208,955 metric tons [2] Group 2 - Marketing year exports for 2025/26 have reached 12.257 million metric tons (482.54 million bushels) since September 1, which is 63.99% higher than the same period last year [2] - StoneX estimates the 2025 US corn yield at 186 bushels per acre, an increase from the previous estimate of 185.9 bushels per acre [3] - Brazil's AgRural reports that 60% of the first corn crop has been planted as of Thursday, which is only 1 percentage point ahead of last year [3]