Corn prices fell 1 to 3 cents on Tuesday morning, recovering from overnight lows, while futures dropped 5 to 9.5 cents on Monday. The USDA reported corn export shipments at 1.518 million metric tons (MMT) for the week ending March 5, an 18.4% decrease from the previous week and 17.7% lower than the same week last year. Mexico was the leading destination, with exports of 497,964 MT, followed by Japan and Colombia.
Preliminary open interest increased by 38,787 contracts on Monday, primarily in December futures (+30,379). As of the latest data, U.S. corn ending stocks for the 2025/26 marketing year are forecasted at 2.136 billion bushels, an increase of 9 million bushels if realized. Meanwhile, cash corn prices have declined to $4.10, down 8 cents.
