Caught some solid buying interest in corn late session yesterday. March contracts closed up 2 3/4 cents and the nearby cash sitting at 4.00 1/2, up 2 1/2 on the day. Looks like the bulls finally found some footing after consolidating earlier in the week.

What's interesting is the export activity picking up. USDA reported a decent sale to Japan this morning, 178k MT total with most of it locked in for next year's crop. South Korea's been active too, with two separate tenders hitting the market for 345k MT combined. Mexico came through as the top buyer for the week at 373k MT.

The weekly export data showed 682k MT moved, which is down from the prior week but still tracking ahead of last year's pace. May and July contracts also closed higher, suggesting some confidence underneath. Crop insurance pricing gets finalized Friday, so could see some positioning adjustments into the close. Overall, the momentum feels more constructive after some of the recent weakness.