Corn Futures Down on Monday; MY-23 Shipments 33.93 MMT, USDA WASDE Tue

Corn futures closed Monday lower, with Mar 26 at $4.28 3/4 (-1 1/2¢), Cash Corn at $3.95 1/4 (-1 1/2¢), May 26 at $4.37 (-1 3/4¢), and Jul 26 at $4.43 3/4 (-1 1/2¢). The CmdtyView national average Cash Corn price was $3.95 1/4 (-1 1/2¢). US Corn exports for the week ended February 5 totaled 1.308 MMT (51.49 mbu), up 14.01% from the prior week but down 4.19% from the same week in 2025. Mexico accounted for 476,628 MT, followed by Japan (187,063 MT) and Colombia (135,816 MT). Marketing Year-2023 shipments reached 33.93 MMT (1.336 bbu), up 46.72% year-to-year. USDA’s World Agricultural Supply and Demand Estimates (WASDE) are scheduled for Tuesday, with traders anticipating little change to U.S. ending stocks around 2.215 bbu on average. Global outlooks suggest Brazil’s first crop at 15% harvested, up from 19% in 2025, and second crop planting at 22%, slightly ahead of 2025.