Corn futures are trading with contracts 14 to 18 cents higher across most nearbys at midday. The CmdtyView national average Cash Corn price is back up 19 3/4 cents to $4.35.
Monday morning’s Export Inspections report showed 1.379 MMT (54.28 mbu) of corn shipped in the week of 5/14. That was 19.07% below last week and 21.68% shy of the same week last year. Japan was the largest destination of 440,975 MT, with 377,217 MT shipped to Mexico and 84,814 MT to Taiwan. The marketing year total is now 58.57 MMT (2.306 bbu) of corn shipped since September 1, which is 28.5% above the same period last year.
