Corn futures fell sharply on Monday, with midday losses of 13 to 14 cents, as traders exited long positions ahead of Tuesday's USDA acreage report and first notice day for July futures. The national average cash corn price dropped 13.5 cents to $3.73. Export inspections for the week ending June 25 totaled 1.786 million metric tons, up 21.7% from the prior week and 29.34% above the same week last year, with Japan, Mexico, and Taiwan as top destinations. Managed money added 23,264 contracts to their net short position in corn futures and options as of June 23, driven by new short interest. A Bloomberg survey shows traders expect 95.1 million corn acres in the upcoming USDA report, while Brazil's second corn crop harvest in the center-south region reached 22% according to AgRural.