Corn futures were disappointed in a 2 year low in export shipments, as contracts were down 1 ¼ to 7 ¼ cents across the board. The CmdtyView national average Cash Corn price was 7 1/4 lower cents at $4.27 1/4.
USDA’s Export Inspections report tallied corn export shipments at just 672,475 MT (26.47 mbu) during the week ending on October 15. That was down 48.81% from the week prior, 49.25% below the same week last year and the lowest shipment total since the week of October 10, 2024. Mexico was the top destination of 305,517 MT, with 205,468 MT headed to Colombia. Marketing year exports for 2026/27 are 9.131 MMT (359.5 mbu), which is now 2.29% below the same period last year.
