Group 1 - Corn futures are experiencing gains of 3 to 6 ¼ cents at midday, with the national average cash corn price rising by 4 cents to $4.02 3/4 [1] - The USDA reported a private export sale of 100,800 MT of corn to Colombia and 392,500 MT to Mexico [1] - Export sales for the week of October 30 totaled 1.99 MMT of corn, exceeding trade expectations of 0.8-2.5 MMT and marking the third largest total for the marketing year [2] Group 2 - Brazil's corn exports for December are estimated at 4.99 MMT, an increase from 3.62 MMT during the same period last year [2] - Statistics Canada projects 2025 corn production at 14.867 MMT, reflecting a 3.1% decrease from the same week last year [3] - Various corn futures prices are reported, with December corn at $4.37 3/4 (up 6 1/4 cents), nearby cash at $4.02 3/4 (up 4 cents), March 26 corn at $4.47 1/4 (up 3 3/4 cents), and May 26 corn at $4.54 (up 3 1/4 cents) [3]

Group 1 - Corn futures are recovering some losses, with contracts increasing by 4 to 5 ½ cents at midday [1] - The national average Cash Corn price has risen by 5 ¼ cents to $3.97 ½ [1] Group 2 - Export Inspections data indicates that 2.054 MMT (80.86 mbu) of corn was shipped in the week ending November 13, marking the highest total since April 2021, a 38.35% increase from the previous week and more than double the same week last year [2] - Mexico was the leading destination for corn exports, receiving 592,006 MT, followed by Japan with 424,773 MT and South Korea with 349,789 MT [2] - Year-to-date corn shipments have reached 15.838 MMT (623.5 mbu), reflecting a 73% year-over-year increase [2] Group 3 - AgRural reports that the Brazilian first corn crop is 85% planted, which is below the 87% from the same period last year [3] - Current corn prices include Dec 25 Corn at $4.35 ½ (up 5 ¼ cents), Nearby Cash at $3.97 ½ (up 5 ¼ cents), Mar 26 Corn at $4.48 ¾ (up 4 ¾ cents), and May 26 Corn at $4.56 ½ (up 4 ¼ cents) [3]

Core Insights - Corn prices experienced a slight decline of 1 to 2 cents across front months, with futures showing higher trade at Monday's close [1] - The Export Inspections report indicated a total of 1.317 MMT of corn shipped in the week of 10/16, marking an 8.9% increase from the previous week and a 31.62% increase from the same week last year [2] - Mexico emerged as the largest buyer of U.S. corn, purchasing 443,141 MT, followed by Japan and Spain [2] Price and Market Data - The CmdtyView national average Cash Corn price rose by 1 cent to $3.81 1/2 [1] - December corn futures closed at $4.23 1/4, up 3/4 cent, while March and May futures closed at $4.37 and $4.45 1/4 respectively, showing slight increases [3] - The marketing year total for corn shipments reached 9.338 MMT, which is 60.61% higher than the same period last year [2] Trade and International Relations - President Trump's threat to cut aid and increase tariffs on Colombia could impact corn exports, as Colombia is a top buyer of U.S. corn [3] - A South Korean importer purchased 67,000 MT of corn in a recent tender, indicating ongoing international demand [3]

Group 1: Corn Market Overview - Corn futures closed higher on Monday, with nearby contracts showing fractional increases. The CmdtyView national average cash corn price rose by one cent to $3.81 1/2. The average close for December corn futures was $4.19, with less than two weeks remaining for harvest price discovery for crop insurance [1]. - The Export Inspections report indicated that 1.317 million metric tons (MMT) of corn were shipped in the week of October 16, marking an 8.9% increase from the previous week and a 31.62% rise compared to the same week last year. Mexico was the largest buyer, importing 443,141 MT, followed by Japan with 207,621 MT and Spain with 201,101 MT. The total corn shipped for the marketing year reached 9.338 MMT, which is 60.61% higher than the same period last year [2]. Group 2: International Trade and Planting Progress - President Trump threatened to cut aid and increase tariffs for Colombia in response to drug flow, which could impact Colombia's status as a top buyer of US corn [3]. - Brazil's first corn crop is estimated to be 51% planted in the south center region, slightly ahead of the 48% pace from the previous year [3].