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Corn futures experienced minor losses on Tuesday, with the CmdtyView national average cash corn price at $3.78 1/2. The USDA’s Crop Progress report, expected to show the corn harvest at approximately 29% completion and conditions at 65% good/excellent, was not released due to the government shutdown.
A Reuters survey anticipates corn yield to reach 185 bushels per acre (bpa), a decrease of 1.7 bpa from September. Additionally, Brazilian corn exports in September amounted to 7.56 million metric tons (MMT), marking a 10.43% increase from August and a 17.77% rise from last year.
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