Corn futures are down 1 to 2 cents early on Tuesday. The corn market rounded out the Monday session with contracts posting fractional to 2 ¼ cent losses. Preliminary interest continues to show some mew selling interest, up 15,821 contracts on Monday. The CmdtyView national average Cash Corn price was 2 ¼ cents lower at $3.69 1/2. December has averaged a $4.18 close since the first of October.
Amid the government shutdown, Monday is Columbus Day, a federal holiday. Thus, the Export Inspections report is pushed back to Tuesday morning. With the shutdown, we won’t be getting a Crop Progress report, though a Reuters survey estimates the crop at 44% harvested.
