The corn market is showing slight strength on Tuesday, with contracts up 2 to 3 cents. The national average Cash Corn price is up 2 ¼ cents at $3.92 ½. Ahead of the USDA Crop Production report, analysts predict a drop in corn yield to 184 bpa and production at 16.557 bbu, a 257 mbu drop from September.

ANEC estimates Brazilian corn exports at 6.04 MMT, a 0.47 MMT increase. Taiwan importers issued a tender for 65,000 MT of corn closing on Thursday. Dec 25 Corn is at $4.32, Nearby Cash at $3.92 1/2, Mar 26 Corn at $4.46 3/4, and May 26 Corn at $4.55 3/4.

Read more at Yahoo Finance: Corn Posting Gains on Tuesday Trade