Corn futures decreased by 3 to 6 cents on Monday, with the CmdtyView national average cash corn price falling 5.75 cents to $4.18. The USDA reported a private export sale of 102,000 metric tons of corn to Mexico, contributing to total marketing year shipments of 44.58 million metric tons, a 37.8% increase year-over-year.
In related developments, early Monday, President Trump announced on Truth Social a five-day postponement of military strikes against Iranian energy infrastructure, citing productive weekend talks. This announcement coincided with a midday drop of $9.03 in oil prices. In the last week, corn export inspections reached 1.7 million metric tons, with Mexico being the top destination at 483,855 metric tons.
