Bearish
Corn futures decline as USDA projects larger U.S. crop, December contract drops 4%
Corn futures have fallen sharply following the USDA's unexpected increase in the U.S. corn yield forecast. The December contract dropped 4% to $4.80½ per bushel, as traders reacted to the larger-than-expected crop projections.
Key points
- USDA raises U.S. corn yield forecast by 2.7 bushels per acre, leading to a 4% drop in December futures to $4.80½.
- Despite the bearish USDA report, some analysts believe the market may find support around the $5 per bushel level, indicating potential stabilization.
- The Teucrium Corn Fund (CORN) is currently trading at $18.42, reflecting market reactions to the USDA's supply forecasts and broader market dynamics.
Sources
- Corn Futures Fall After USDA Projects Larger U.S. Crop -- Daily Grain HighlightsMarketScreener · October 9, 2026
- USDA supply shocker knocks corn off $5 perch — for nowFarm Progress · October 6, 2026
- Teucrium Corn Fund Rallies as USDA Cuts Supply Forecasts, Geopolitical Risks PersistTrustFinance News · September 21, 2026
- CBOT Corn Futures Climb Ahead of USDA Quarterly Stocks ReportTrustFinance News · September 30, 2026
AI-generated from public news sources. Not financial advice.
