“Prices were $.02-$.04 higher while spreads back off a touch. Dec-25 corn briefly pierced its 50-day MA at $4.41 before backing off. Exports at 58M bushels were in line with expectations. Old crop commitments at 2.681B are up 27% from YA, vs. the USDA forecast of up 16%. Today S&P Global raised their Brazilian production forecast 4 mmt to 142 mmt, vs. the USDA at 130,” reported Mark Soderberg with ADM Investor Services. “Census exports in May-25 at 287M were up 22% YOY and were 18M above the weekly inspections data. YTD census exports at 2.090B would require exports June-Aug to only reach 560M bu. vs. 626M YA. The USDA also announced the sale of 150k tons (6 mil. bu.) of corn to an unknown buyer.”