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Corn futures fell 2–3 cents on Monday, while the national cash price was also lower. USDA reported a 110,000-tonne corn sale to Mexico for 2026/27, and weekly export shipments were 39% below the same week last year.
Traders were positioning ahead of Tuesday’s USDA crop and supply reports.
The Mexico sale adds demand, but slower export shipments and expectations of ample US supplies weighed on prices. A smaller crop estimate could offer support if confirmed in the USDA reports.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.