Corn futures are facing Tuesday pressure at midday, with contracts down 3 to 5 ¼ cents. The CmdtyView national average Cash Corn price is down 5 ¼ cents to $4.18 1/4.
Export Inspections data showed 1.582 MT (62.27 mbu) of corn shipped in the week that ended on May 21. That was up 11.43% from last week and 13.01% higher than the same week last year. Mexico was the top destination of 406,078 MT, with 274,937 MT to Japan and 260,620 MT to South Korea. Marketing year shipments have totaled 60.18 MMT (2.369 bbu), which is up 28.03% yr/yr.
