Corn futures are showing 4 to 6 cent losses across the front months on Tuesday’s midday. The CmdtyView national average Cash Corn price is down 4 1/2 cents at $3.94 3/4. USDA’s FGIS tallied corn export shipments at 1.492 MMT (58.75 mbu) during the week ending on February 12. That was 7.31% below the week prior and 8.06% shy of than the same week last year. Mexico was the top destination of 517,215 MT, with 332,968 MT headed to Japan and 133,771 MT to Colombia. Marketing year exports for 2025/26 are 35.727 ...

Core Insights - Corn prices have seen a slight increase, with futures trading up by as much as 2 cents, while the national average cash corn price decreased by ¾ cents to $3.87 ½ [1][4] - The final Crop Progress report indicates that 96% of the corn crop has been harvested, which is marginally below the 5-year average of 97% [2] - Corn export shipments for the week ending November 20 were recorded at 1.63 million metric tons (MMT), which is 20.98% lower than the previous week but 61.78% higher than the same week last year [3] Market Performance - Preliminary open interest in corn futures decreased by 26,666 contracts, primarily due to a drop in December contracts by 68,831, while March contracts increased by 36,536 [1] - The December 25 corn futures closed at $4.23 ¾, down 1 ¾ cents, while March 26 corn closed at $4.36 ¾, down ¾ cent [4] Export Activity - The marketing year exports for 2025/26 have reached 17.483 MMT since September 1, representing a significant 72% increase compared to the same period last year [3] - South Korean importers have purchased at least 324,000 MT of corn, with expectations of at least 68,000 MT coming from the US [4]

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]

Core Insights - Corn futures experienced gains of 1 to 2 ¼ cents, with the national average cash corn price rising to $3.70 1/4 [1] - USDA reported corn export shipments of 1.129 MMT (44.47 million bushels) for the week ending October 9, marking a 119.74% increase year-over-year but a 33.61% decrease from the previous week [2] - The marketing year exports for 2025/26 reached 7.94 MMT (312.59 million bushels) since September 1, which is 64.97% higher than the same period last year [2] Export Destinations - Mexico was the leading destination for corn exports, receiving 299,156 MT, followed by Colombia with 202,680 MT and South Korea with 140,416 MT [2] Market Estimates - CONAB increased its estimate for the 2025/26 Brazilian corn crop by 0.32 MMT to 138.6 MMT [3] - ANEC projected Brazilian corn exports for October at 6.46 MMT, reflecting a 0.4 MMT increase from the previous estimate [3] Price Movements - December 25 corn futures are priced at $4.13, up 2 ¼ cents, while nearby cash corn is at $3.70 1/4, up 1 ¾ cents [3] - March 26 corn futures are at $4.29 1/4, up 2 cents, and May 26 corn futures are at $4.38, up 1 ½ cents [3]

Core Insights - Corn prices are experiencing slight gains following a period of weaker trading, with futures showing increases of 5 to 6 ¼ cents across the front months [1] - The U.S. corn crop is currently 7% harvested, aligning with the 5-year average, but condition ratings have decreased by 1% to 67% good/excellent [2] - Early harvest reports indicate yields may be lower than last year, raising concerns about whether this trend will continue as harvesting progresses [3] Group 1: Market Performance - Futures prices for December 25 Corn closed at $4.29 1/2, up 6 1/4 cents, while March 26 Corn closed at $4.47, up 6 cents [3] - The CmdtyView national average Cash Corn price increased by 6 1/4 cents to $3.85 ¼ [1] Group 2: Crop Conditions - The Brugler500 index for corn conditions fell by 3 points to 372, with only Illinois, Nebraska, and Ohio showing improvements in crop conditions [2] - Significant declines in conditions were noted in Indiana (-7), Iowa (-4), Minnesota (-3), Missouri (-3), and North Dakota (-4) [2] Group 3: Export and Import Activity - ANEC estimates Brazilian corn exports for September at 7.12 million metric tons, slightly above previous estimates [3] - A private South Korean importer has purchased 65,000 metric tons of corn in a recent tender [3]