Corn futures experienced a decline of 1 to 2 cents on Monday, with the CmdtyView national average Cash Corn price dropping by 1 3/4 cents to $3.92 3/4. As of January 22, USDA’s FGIS reported corn export shipments at 1.51 million metric tons (MMT), a 1.63% increase from the previous week and 20.74% year-over-year. Mexico was the top destination, importing 402,936 MT.
Since September 1, total corn marketing year exports for 2025/26 have reached 31.437 MMT, marking a 53.35% increase compared to the same period last year. Export commitments currently stand at 56.045 MMT, 34% ahead of last year and 69% of the USDA’s record export estimate. Managed money reduced their net short corn futures position to 81,324 contracts as of January 20.
Additionally, AgRural reports that Brazil’s first corn crop is 5% harvested, ahead of last year’s 2.2% at this time. The country’s second corn crop is 4.7% planted, lagging behind the prior year’s 8.6%. Brazil’s overall corn production estimate has been raised by 0.6 MMT to 136.6 MMT.
