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Corn Holds onto Losses on Monday
Yahoo Finance· 2025-11-24 23:11
Group 1 - Corn futures showed stability with a slight decrease of up to 2 cents in the front months, while the national average cash corn price fell by ¾ cents to $3.87 ½ [1] - The final Crop Progress report indicated that 96% of the corn crop has been harvested, which is slightly below the 5-year average of 97% [1] Group 2 - USDA reported corn export shipments at 1.63 million metric tons (MMT) during the week ending November 20, marking a decrease of 20.98% from the previous week but an increase of 61.78% compared to the same week last year [2] - Mexico was the leading destination for corn exports, receiving 624,332 MT, followed by Japan with 284,704 MT and South Korea with 137,136 MT [2] - Cumulative exports for the marketing year 2025/26 reached 17.483 MMT since September 1, representing a significant increase of 72% compared to the same period last year [2] Group 3 - Brazil's first corn crop is reported to be 93% planted in the center-south region, which is behind last year's pace of 95% [3] - Various corn futures closed lower, with December 25 corn at $4.23 ¾ (down 1 ¾ cents), nearby cash at $3.87 ½ (down ¾ cent), March 26 corn at $4.36 ¾ (down ¾ cent), and May 26 corn at $4.44 ¼ (down ½ cent) [3]