Corn Futures Decline 1-2¢ as Export Sales and Brazil Shipments Weigh

Corn futures fell 1-2 cents in front-month contracts on Tuesday, with March 2026 corn closing at $4.26½. The cash price dropped 1.5 cents to $3.90¾. The USDA reported a private export sale of 110,000 MT of corn to unknown destinations, alongside 306,000 MT of sorghum. Brazil's ANEC estimates January corn exports at 3.39 MMT, below last year's 3.59 MMT, adding downward pressure. Traders await Wednesday's EIA ethanol output data for the week ending January 23, with expectations of a decline. The combination of sluggish export demand and ample global supply continues to pressure prices.