Corn Market Gains: Export Inspections Show Significant Increase

Corn prices are rising, with the market posting gains across the board. Export inspections indicate a substantial increase in shipments compared to last year, marking strong growth in the sector.

Date: 18-03-2025

AI Rating: 7

Market Gains and Shipments
The recent report indicates positive trends in the corn market, with nearby contracts showing gains. Notably, the Corn price has increased by 3 cents to $4.23 ½. This upward movement signifies a strong market sentiment for corn prices.

Export Inspections
Moreover, the Export Inspections data highlights a total of 1.659 MMT of corn shipped during the week of March 13. This represents a significant increase of 25.06% compared to the same week last year. However, it is essential to note that there is a 10.06% decline from the previous week, indicating fluctuations that could affect market stability.

The marketing year exports have totaled 30.76 MMT since September 1, which shows a robust increase of 32.65% from the same period last year. Mexico, Japan, and Columbia are the primary destinations, underlining strong demand from these markets.

The planting progress of Brazil's second corn crop, now at 97%, indicates potential for further supply adjustments. Overall, the data suggests a healthy export market and growth in demand, but the recent dip from the previous week in shipments may raise concerns about short-term volatility.

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