“`html
On November 13, corn futures closed higher, with March contracts reaching a peak of $4.50 before closing up 3 to 4.5 cents. The CmdtyView national average cash corn price rose by 4.75 cents to $3.96 1/4.
Export inspections for the week revealed shipments of 2.054 million metric tons (MMT) of corn, marking the highest weekly total since April 2021. This figure represents a 38.35% increase from the previous week and more than double the shipments from the same week last year. Key destinations included Mexico (592,006 MT), Japan (424,773 MT), and South Korea (349,789 MT). Cumulative marketing year shipments have reached 15.838 MMT, reflecting a 73% year-over-year increase.
Additionally, as of Thursday, AgRural reported that 85% of Brazil’s first corn crop has been planted, slightly below the 87% from the same period last year.
“`
