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Corn futures experienced a slight decline on Monday, with prices in the front months steady to 2 cents lower. The CmdtyView national average Cash Corn price dropped ¾ cents to $3.87 ½. The USDA’s final Crop Progress report indicated that 96% of the corn crop had been harvested, just below the 5-year average of 97%.
During the week ending November 20, USDA reported corn export shipments totaling 1.63 million metric tons (MMT), marking a 20.98% decrease from the previous week but a 61.78% increase from the same week last year. The leading recipient was Mexico, which imported 624,332 MT, followed by Japan with 284,704 MT and South Korea with 137,136 MT. Cumulative exports for the 2025/26 marketing year have reached 17.483 MMT, up 72% from last year.
As of Thursday, Brazil’s first corn crop was estimated to be 93% planted in the central south region, trailing last year’s pace of 95%. The next Export Sales data is set to be released on Tuesday, with traders expecting corn sales ranging from 0.9 to 2.5 MMT.
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