Price Movement - Corn prices increased by 1 to 2 cents in the front months on Tuesday morning, following a Monday session where futures settled down by 1 to 2 cents [1] - The CmdtyView national average Cash Corn price decreased by 1.5 cents to $3.95 1/4 [1] Export Data - Export inspections data indicated corn shipments of 1.308 million metric tons (MMT) for the week ending February 5, marking a 14.01% increase from the previous week but a 4.19% decrease compared to the same week last year [2] - Mexico was the leading destination for corn exports, receiving 476,628 MT, followed by Japan with 187,063 MT and Colombia with 135,816 MT [2] - Total marketing year shipments reached 33.93 MMT (1.336 billion bushels), reflecting a year-over-year increase of 46.72% [2] USDA Report Expectations - The USDA's WASDE report is anticipated to be released, with traders expecting no significant changes to the US ending stocks number, estimated at 2.215 billion bushels according to a Bloomberg survey [3] - Global corn production estimates are expected to be updated, with Brazil's corn production projected to rise by 1.3 MMT to 132.3 MMT [3]

Group 1 - Corn prices showed slight increases on Tuesday, with futures experiencing weaker trade on Monday ahead of a USDA report, resulting in a fractional decline of up to 2 cents [1] - Preliminary open interest decreased by 2,257 contracts, while the national average cash corn price fell by 1.25 cents to $3.98 1/4 [1] Group 2 - Export inspections data indicated that 1.453 million metric tons (MT) of corn were shipped in the week ending December 4, marking a 10.89% decrease from the previous week but a 36% increase year-over-year [2] - Mexico was the leading destination for corn exports, receiving 520,691 MT, followed by Japan with 310,828 MT and Taiwan with 81,209 MT [2] - Total marketing year shipments reached 20.63 million metric tons (MMT), reflecting a 69.36% year-over-year increase [2] Group 3 - The USDA's catchup report for export sales revealed that only 979,525 MT of corn were sold in the week ending November 6, which is the lowest for the marketing year [3] - Analysts expect the upcoming WASDE report to show U.S. corn ending stocks at 2.145 billion bushels, a decrease of 9 million bushels from the previous report [3] - A South Korean importer purchased 132,000 MT of corn in a recent tender, although the origin of the corn was not disclosed [3] Group 4 - As of December 25, corn futures closed at $4.36 1/4, down 0.5 cents, while nearby cash prices were at $3.98 1/4, down 1.25 cents [4] - March 2026 corn futures closed at $4.43 3/4, down 1 cent, and May 2026 futures closed at $4.51 1/4, also down 1 cent [4]

Price Action and Futures - Corn prices are steady to 1 ¼ cents higher on Tuesday, with futures showing a slight decline of 2 to 3 cents in the nearby contracts on Monday [1] - Preliminary open interest decreased by 8,707 contracts on Monday, primarily in the front two contracts [1] - The CmdtyView national average Cash Corn price has fallen to $3.99 [1] Export Inspections and Sales - The Export Inspections report indicated a total of 1.421 MMT (55.95 million bushels) of corn shipped in the week of 11/27, which is 49.79% higher than the same week last year but a decrease of 16.18% from the previous week [2] - Japan was the largest buyer, importing 431,700 MT, followed by Mexico with 330,150 MT and Colombia with 187,948 MT [2] - The total corn shipped for the marketing year now stands at 18.97 MMT (746.7 million bushels), representing a 70.69% increase compared to the same period last year [2] Export Sales Data - Export Sales data for the week ending on 10/23 showed a decline to 1.8 MMT, which is 36% lower than the previous week [3] - Accumulated sales, including both shipped and unshipped, are now 37% above last year at 35.37 MMT [3] - Specific closing prices for corn futures include Dec 25 at $4.32 3/4 (down 2 3/4 cents), Mar 26 at $4.45 (down 2 3/4 cents), and May 26 at $4.53 1/4 (down 2 1/2 cents) [3]