Bearish
US corn futures drop 20 cents after USDA reports higher-than-expected stocks
Corn futures declined sharply following the USDA's quarterly Grain Stocks report, which revealed U.S. corn stocks at 2.095 billion bushels as of September 1, exceeding market expectations. This surplus suggests abundant supplies from the previous harvest, leading to a six-week low in December corn futures.
Key points
- USDA reports 2.095 billion bushels of corn stocks as of September 1, a seven-year high.
- December corn futures fall 20 cents to $5.0075 per bushel, the lowest since August 19.
- StoneX revises U.S. corn yield down by 0.8 bushels per acre to 182.1 bpa, reducing production estimate by 92 million bushels to 16.115 billion bushels.
- Export sales data shows 535,989 metric tons of corn sold for the 2026/27 marketing year, the lowest in four weeks and less than half of the same week last year.
Sources
- Corn plunges 20 cents as high USDA stocks stun marketFarm Futures · September 30, 2026
- Corn Starting Friday with Weakness After Holding Above $5Webull · October 2, 2026
- Periodic Updates on the Grains, Livestock Futures MarketsDTN · October 4, 2026
- Corn Bulls Push Back to Close with Gains and Hold $5Dhallo News · October 2, 2026
AI-generated from public news sources. Not financial advice.
