Corn futures are experiencing losses of 6 to 7 cents as of Monday, with the CmdtyView national average cash corn price falling to $4.00, down 6 ¾ cents. This decline follows a period of strength during the holiday, attributed to lower trading volume.
Export inspections revealed that 1.301 million metric tons (MMT) of corn were shipped during the week ending on December 25, a decrease of 25.53% from the previous week but an increase of 43.37% year-over-year. Mexico received the largest share at 400,140 MT, followed by Colombia with 221,240 MT and Japan with 219,137 MT. Year-to-date corn shipments have reached 25.57 MMT (1.006 billion bushels), marking a 66.17% increase compared to last year and the first instance of exceeding 1 billion bushels shipped before the year-end.
