Corn futures are showing fractional to penny losses across most contracts on Tuesday. The CmdtyView national average Cash Corn price at $3.78 1/2.
USDA’s Crop Progress report was not published due to the government shutdown. The trade was looking for corn harvest to near 29% complete as of Sunday, with conditions seen near 65% good/excellent (down 1% from last week).
Despite the government shutdown likely suspending the Thursday Crop Production report, a Reuters survey shows analysts estimating yield at 185 bpa, down 1.7 bpa from September.
Brazilian corn exports in September totaled 7.56 MMT according to the country’s trade data That was a 10.43% increase from August and 17.77% larger than last year.
Dec 25 Corn is at $4.21 1/4, down 1/2 cent,
Nearby Cash is at $3.78 1/2, up 2 1/2 cents,
Mar 26 Corn is at $4.37 1/2, down 3/4 cent,
May 26 Corn is at $4.46 1/4, down 1 cent,
