Corn futures are battling back from the early weakness on Monday, with contracts 1 to 3 cents higher at midday. The CmdtyView national average Cash Corn price is up 2 1/4 at $3.75 ¼.
This morning’s Export Inspections report showed a total of 1.443 MMT (56.8 mbu) of corn shipped in the week of 9/4, with 649,501 MT for the current MY and 793,409 MT to round out the old. That was up 2.35% above the week prior and 69.8% larger than same week last year. Mexico was the largest buyer of 573,410 MT, with 269,384 MT shipped to Japan and 222,905 MT to Colombia. The 2024/25 marketing year saw 67.76 MMT shipped according to FAS data though actual Census data was 66.13 MMT through July, not including the 6.115 MMT that inspections data reported during August
