Corn futures are trading with 13 to 15 cent gains so far on Monday. There were 150 deliveries issued against July futures on Thursday evening. The CmdtyView national average Cash Corn price is 13 ¾ cents higher at $4.07 1/2.
Monday morning’s Export Inspections report showed corn shipments of 1.642 MMT (64.63 mbu) in the week of 7/2. That was down 9.64% from the week prior but 4.98% above the same week last year. Mexico was the largest destination of 557,071 MT, with 311,567 MT shipped to Japan and 221,783 MT headed to Colombia. The marketing year total is now 70.57 MMT (2.778 bbu) of shipments, which is now 24.87% above the same period last year.
