Corn futures posted 7 to 8 cent losses on Monday, after seeing strength around last week holiday on thin trade. The CmdtyView national average Cash Corn price was down 6 ¾ cents at $3.99 ¾.
Export Inspections data showed corn shipments at 1.301 MMT (51.2 mbu) shipped in the week that ended on Christmas day. That was a drop of 25.53% from the week prior, which is normal due to the holiday, but and up 43.37% from same week last year. Mexico was the top destination of 400,140 MT, with 221,240 MT to Colombia and 219,137 MT to Japan. Marketing year shipments have totaled 25.57 MMT (1.006 bbu), a 66.17% hike yr/yr and the first time on record shipping more than 1 bbu before year end (starting September 1).
