Corn futures are fading the crude oil rally to start the week, as contracts are down 4 to 5 ½ cents. The CmdtyView national average Cash Corn price is 2 3/4 cents to $4.05 3/4.
USDA’s FGIS tallied corn export shipments at 1.728 MMT (68.03 mbu) during the week ending on May 28. That was 7.72% above the week prior and 5.26% above the same week last year. Japan was the top destination of 592,231 MT, with 430,834 MT headed to Mexico and 148,236 MT to Colombia. Marketing year exports for 2025/26 are 61.94 MMT (2.439 bbu) since September 1, which is now 27.33% above the same period last year.
