Corn futures posted gains of 4 to 6 cents across most contract son Monday following the overnight gap lower. July futures expired today. The front month CmdtyView national average Cash Corn price was up 4 1/4 cents at $3.86 1/2. 

Crop Progress data showed the US corn crop at 34% silking (1% above average), with 7% of the crop in the dough stage. Conditions were steady at 74% gd/ex and 385 on the Brugler500 index.

Export Inspections data showed 1.287 MMT (1.287 bbu) of corn shipped in the week that ended on July 10, which was down 17.7% from the week prior, but still up 17.06% from the same week last year. Mexico was the top destination of 332,337 MT, with 293,450 MT headed to Japan and 271,008 MT to Brazil. Marketing year shipments have totaled 57.806 MMT (2.276 bbu) since September 1, 29.54% larger yr/yr.

Rains are expected to be rather widespread this next week, with much of the Corn Belt seeing at least an inch, with the Central Corn Belt upwards of 2-3 inches. 

Over the weekend President Trump announced a 30% tariff on the EU and Mexico starting on August 1.

AgRural estimates the Brazilian second corn crop at 40% harvested, which is well below the 74% from last year.

Jul 25 Corn  closed at $4.12 3/4, up 9 3/4 cents,

Nearby Cash  was $3.86 1/2, up 4 1/4 cents,

Sep 25 Corn  closed at $4.00, up 4 cents,

Dec 25 Corn  closed at $4.18, up 5 3/4 cents,

New Crop Cash  was $3.76 5/8, up 4 1/2 cents,