As of Monday midday, corn futures are showing gains of 2 to 3.5 cents, with the CmdtyView national average cash corn price up 2 cents at $4.05 1/4. The update on crop progress is expected later in the afternoon, with analysts forecasting that 6% of the US corn crop has been planted as of Sunday.
In export inspections for the week ending April 9, 1.782 million tons (70.18 million bushels) of wheat were shipped, marking a decrease of 13.15% from the previous week and 2.59% from last year. Mexico was the largest destination, receiving 579,076 tons, followed by Japan at 205,930 tons and South Korea at 202,404 tons. Year-to-date shipments total 50.23 million tons, representing a 33.9% increase year-over-year.
