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Corn futures remained nearly unchanged on Monday, with contracts within a penny of unchanged. The CmdtyView national average Cash Corn price is steady at $3.80 1/2.
For the week ending October 16, Export Inspections reported a total of 1.317 million metric tons (MMT) of corn shipped, which is 8.9% higher than the previous week and up 31.62% from the same week last year. Mexico was the largest buyer at 443,141 MT, followed by Japan with 207,621 MT and Spain with 201,101 MT. The marketing year total is now 9.338 MMT, 60.61% above the same period last year.
In Brazil, AgRural estimates that 51% of the first corn crop is planted in the south-central region, slightly ahead of the 48% pace last year.
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