Corn futures are down 2 to 3 cents midday, with the national average cash price at $3.94 1/4. Export inspections show 1.308 MMT shipped last week, up 14.01% from the prior week. USDA’s WASDE report is expected to show minimal changes in US ending stocks. Brazil’s corn production is estimated to increase to 132.3 MMT.

CFTC data reveals a decrease of 3,464 contracts in the spec net short position for corn futures and options. Brazil’s first corn crop is 15% harvested, ahead of last year. Second crop planting is at 22%, slightly ahead of 2025. Corn futures prices for Mar 26, May 26, and Jul 26 are down 2 to 3 cents.

On the date of publication, Austin Schroeder did not have any positions related to the securities mentioned. Information provided is for informational purposes only. Source: Barchart.com.

Read more at Yahoo Finance: Corn Showing Weakness on Monday