Corn futures are trading with contracts up 2 to 3 cents in the front months. The CmdtyView national average Cash Corn price is up 2 1/2 cents to $4.02 1/2.
Monday morning’s Export Inspections report showed a total of 1.744 MMT (68.66 mbu) of corn shipped in the week of 12/18. That was 8.68% above the week prior and 52.07% larger than the same week last year. Mexico was as the largest buyer of 565,416 MT, with 407,179 MT shipped to South Korea, 263,793 MT to Spain and 238,707 MT to Japan. The marketing year total is now 24.27 MMT (955.36 mbu) of corn shipped in under 4 month, which is now 67.57% above the same period last year.
