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 are experiencing a decline of 1 to 2 ½ cents, indicating pressure on most contracts as the week begins [1] - The national average Cash Corn price has decreased by 2 ½ cents to $3.68 1/4 [1] - Due to the government shutdown and Columbus Day being a federal holiday, the Export Inspections report has been delayed until Tuesday [1] Market Conditions - Harvest activities may slow down in the latter half of next week, with heavier totals expected in the Eastern Corn Belt (ECB) and lighter totals across the rest of the country [2] - AgRural reports that as of Thursday, 45% of the Brazilian first corn crop has been planted in the central south region, which is an increase from 41% during the same period last year [2] Price Movements - December 25 Corn futures are priced at $4.10 1/2, down 2 ½ cents [2] - Nearby Cash Corn is at $3.68 1/4, also down 2 ½ cents [2] - March 26 Corn futures are at $4.27, down 2 cents, while May 26 Corn futures are at $4.36 1/4, down 1 3/4 cents [2]