Core Insights - Corn futures are experiencing slight gains, with the national average cash corn price increasing to $3.69 1/2 [1] Export Data - USDA reported corn export shipments at 1.129 MMT (44.47 mbu) for the week ending October 9, marking a 119.74% increase compared to the same week last year, but a decrease of 33.61% from the previous week [2] - 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] - Cumulative exports for the marketing year 2025/26 have reached 7.94 MMT (312.59 mbu) since September 1, which is 64.97% higher than the same period last year [2] Market Estimates - Taiwan has tendered for up to 65,000 MT of corn, with offers due by Wednesday [3] - CONAB has increased its estimate for the 2025/26 Brazilian corn crop by 0.32 MMT to 138.6 MMT [3] - ANEC estimates Brazilian corn exports for October at 6.46 MMT, reflecting a 0.4 MMT increase from the previous week's estimate [3] Price Movements - December 25 corn is priced at $4.12 1/4, up 1 1/2 cents, while nearby cash corn is at $3.69 1/2, up 1 cent [3] - March 26 corn is at $4.28 1/2, up 1 1/4 cents, and May 26 corn is at $4.37 1/4, up 3/4 cent [3]

Group 1 - Corn trade is starting lower on Friday, with futures having increased by 5 to 6 cents on Thursday, and preliminary open interest rose by 10,767 contracts, primarily in December and March [1] - The CmdtyView national average Cash Corn price increased by 5.5 cents to $3.78 1/4, while the average of the first two days of October is $4.19 compared to the spring price of $4.70 [1] - S&P Global has reduced its estimate for US corn yield to 185.5 bushels per acre (bpa), a decrease of 3.6 bpa from the previous month, with total production estimated at 16.707 billion bushels (bbu) [3] Group 2 - Harvest activities in the Eastern Corn Belt (ECB) may be delayed next week due to light rainfall expected in parts of Nebraska, Iowa, and the Dakotas [2] - December 25 Corn futures closed at $4.21 3/4, up 5 1/4 cents, while March 26 Corn closed at $4.38, also up 5 1/4 cents, and May 26 Corn closed at $4.47 3/4, up 5 cents [3]