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Corn futures increased by 2 to 3 cents across most contracts on Monday, with the nearby cash corn price rising to $3.89 ¼, up 2 ¼ cents. The CmdtyView national average cash corn price reflects similar gains.
According to the Export Inspections report released on November 6, a total of 1.425 million metric tons (MT) of corn were shipped, which is 16.77% lower than the previous week but 76.48% higher than the same week last year. The largest buyer was Mexico, importing 356,355 MT, followed by 245,302 MT to Colombia and 169,675 MT to Taiwan. The marketing year total now stands at 13.725 million MT, a 65.73% increase from the previous year.
Additionally, AgRural reported that the Brazilian first corn crop is 72% planted in the south-center region, consistent with last year, and Safras updated the 2025/26 corn crop estimate to 143.56 million MT, up by 1.1 million MT.
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