Corn futures are trading with September up 1 ¼ cents and other contracts fractionally lower at midday. Preliminary open interest showed a rotation of ownership, up 851 contracts on Friday. The CmdtyView national average Cash Corn price is down 8 1/2 cents at $3.75 1/2.
USDA tallied corn export shipments at 1.407 MMT (55.39 mbu) during the week ending on August 28. That was up 5.12% from last week and 45.58% above the same week last year. Of that total, 445,724 MT was headed to Mexico, with 290,727 MT on its way to Japan and 247,097 MT to Colombia. Marketing year exports have totaled 66.966 MT (2.636 bbu), which is 28.61% above the same period last year.
