Corn futures are trading with 11 to 12 ¼ cent losses in the nearbys on Monday’s midday. Pressure is coming from beans and crude oil slipping $3.19. The CmdtyView national average Cash Corn price is down 12 cents to $4.11 1/2.
Monday morning’s Export Inspections report showed 1.658 MMT (65.3 mbu) of corn shipped in the week of 3/12. That was 1.98% below the week prior but 8.95% above the same week last year. Mexico was the largest destination of 446,121 MT, with 281,957 MT shipped to Japan and 150,849 MT to Colombia. The marketing year total is now 42.869 MMT (1.688 bbu) of corn shipped since September 1, which is 39.16% above the same period last year. China was the sole destination for 127,639 MT of sorghum.
