Corn futures fell by 7 to 8 cents on Monday, with the CmdtyView national average Cash Corn price dropping 6 ¾ cents to $3.99 ¾. This decline follows a week of thin trade during the holiday season.
Export Inspections data for the week ending December 25 reported corn shipments at 1.301 million metric tons (MMT), a decrease of 25.53% from the previous week but an increase of 43.37% year-over-year. Mexico was the largest recipient, importing 400,140 metric tons, followed by Colombia (221,240 metric tons) and Japan (219,137 metric tons). Cumulative marketing year shipments have reached 25.57 MMT, a 66.17% increase compared to last year, marking the first instance of exceeding 1 billion bushels before year-end.
In ethanol markets, production fell by 36,000 barrels to 1.095 million barrels per day for the week ending December 19, while stocks increased by 175,000 barrels to 22.528 million barrels.
