Bullish
USDA cuts corn yield to 178.5 bushels per acre, tightening supply
The USDA has reduced the 2026 U.S. corn yield estimate to 178.5 bushels per acre, down 2.2 bushels from the previous forecast, leading to a decrease in projected production and carryout stocks. This adjustment tightens the supply outlook, potentially supporting higher corn prices.
Key points
- USDA cuts 2026 corn yield estimate to 178.5 bushels per acre, reducing production by 213 million bushels.
- Carryout stocks for the 2026/27 marketing year are projected at 1.567 billion bushels, down 86 million from August, indicating a tighter supply.
- Despite the yield reduction, corn futures closed lower, with December contracts down 6.5 cents on the week, as traders 'sold the fact' on the news.
- A private export sale of 264,000 metric tons to Mexico for the 2026/27 marketing year was reported, indicating ongoing demand.
Sources
AI-generated from public news sources. Not financial advice.
