Export Inspections data showed that for the week ending December 4, corn shipments totaled 1.453 MMT (57.2 million bushels). This was 10.89% lower than the previous week but 36% higher than the same week last year. Mexico was the top destination with 520,691 MT, followed by Japan with 310,828 MT and Taiwan with 81,209 MT. Marketing year shipments have now reached 20.63 MMT (812.2 million bushels), up 69.36% year over year.

USDA’s catch-up Export Sales report showed that for the week ending November 6, corn sales were just 979,525 MT—below trade expectations of 1–2 MMT—and marked the marketing year’s lowest weekly total.

The monthly WASDE report will be released on Tuesday. Analysts surveyed by Bloomberg expect U.S. corn ending stocks at 2.145 billion bushels, down 9 million bushels from November if realized.

Brazil’s AgRural estimates the 2025/26 Brazilian corn crop at 135.3 MMT, 5.8 MMT lower than last year. USDA’s estimate, subject to revision in Tuesday’s WASDE report, stands at 131 MMT.