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Barchart
Barchart
Austin Schroeder

Corn Losses Leaking into Monday

CmdtyView

Corn futures are trading with 2 to 3 cent losses so far on Monday. Preliminary open interest on Friday was down 10,784 contracts. The CmdtyView national average Cash Corn price was down 2 3/4 cents at $3.70 3/4.

Export Inspections data showed 1.208 MMT (47.54 mbu) of corn shipped in the week that ended on July 31, which was up down 21.18% from the week prior and 5.08% below the same week last year. Mexico was the top destination of 572,682 MT, with 182,950 MT to Colombia and 147,823 MT to Japan. Marketing year shipments have totaled 61.56 MMT (2.423 bbu) since September 1, 28.36% larger yr/yr.

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