Corn futures posted Monday gains of 1 ¼ to 5 ¾ cents across the board on Monday. The CmdtyView national average Cash Corn price was up 5 3/4 cents at $4.25 1/4.
Monday morning’s Export Inspections report showed 1.644 MMT (64.73 mbu) of corn shipped in the week of 4/23. That was 1.33% below the same week last year and a 5.67% drop from last week. Mexico was the largest destination of 388,791 MT, with 234,765 MT shipped to Colombia and 196,816 MT to South Korea. The marketing year total is now 53.441 MMT (2.104 bbu) of corn shipped since September 1, which is 30.64% above the same period last year.
