Corn futures found weaker trade on Monday as traders were squaring up ahead of a Tuesday USDA report. Contracts were down fractionally to 2 cents. The CmdtyView national average Cash Corn price was down 1 1/4 cents at $3.98 1/4.
Export Inspections data showed corn at 1.453 MT (57.2 mbu) shipped in the week that ended on December 4. That was a drop of 10.89% from the week prior but up 36% from same week last year. Mexico was the top destination of 520,691 MT, with 310,828 MT to Japan and 81,209 MT to Taiwan. Marketing year shipments have totaled 20.63 MMT (812.2 mbu), a 69.36% increase yr/yr.
