Group 1 - Corn prices have increased by 3 to 4 cents on Monday morning, with futures showing fractional losses across most contracts to close out the previous week [1] - The CmdtyView national average Cash Corn price decreased by ¾ cent to $3.99 [1] - The USDA Export Sales report is expected to show corn sales between 1.2-2.4 million metric tons for the week ending on December 4 [1] Group 2 - CFTC data indicates that spec traders in corn futures and options reduced their net long position by 13,552 contracts, resulting in a net long of 9,718 contracts as of the week ending December 9 [2] - Safras has revised the 2025/26 Brazilian corn crop estimate to 142.88 million metric tons, which is a reduction of 0.68 million metric tons from the previous estimate [2] - The second crop of Brazilian corn is estimated at 101.79 million metric tons, while the first crop is pegged at 25.37 million metric tons, both showing reductions [2]

Core Insights - Corn futures are currently trading lower, with contracts down by 2 to 3 cents, and the national average cash corn price is reported at $3.79 ½, down by 2 3/4 cents [1] - A private export sale of 110,000 MT of corn to Mexico for the 2025/26 shipment was reported by the USDA [1] - The USDA's Export Sales report indicated a total of 1.23 MMT of corn sold for the 2025/26 period in the week ending on September 11, which is 45.4% higher than the same week last year [2] Market Data - Brazil's corn crop for 2025/26 is estimated at 138.28 MMT, a decrease of 1.42 MMT from the previous marketing year, while acreage is expected to increase by 770,000 hectares to 22.63 million hectares [3] - Current corn prices include Dec 25 Corn at $4.24, Nearby Cash at $3.79 ½, Mar 26 Corn at $4.41 3/4, and May 26 Corn at $4.51 3/4, all showing a decline of 2 to 2 3/4 cents [3]