Corn futures are posting midday gains of 12 to 13 cents across most contracts following USDA’s Crop Production and WASDE reports. Spillover support from wheat and increasing Black Sea strikes is supportive. The CmdtyView national average Cash Corn price is 13 cents higher at $4.20 3/4.
This morning’s Crop Production report from NASS showed yield at 180.7 bpa, with planted acreage raised by 1.4 million acres from the June report to 96.7 million acres, with harvested up 1.2 to 88.6 million acres. Production was tallied at 16.013 bbu, which was 13 mbu above the July WASDE number and nearly 80 mbu above estimates.
Per WASDE data, ending stocks for 2025/26 were down 75 mbu from last month on an increase to exports at 1.945 bbu. New crop stocks were pegged at 1.653 bbu due to the lower carryover and increased new crop export potential. World ending stocks were down 0.6 MMT for the new crop estimates at 274.66 MMT. Production for 2025/26 Brazil was up 2 MMT to 140 MMT.
Storms across parts of the I-states and OH on Tuesday brought some flash flooding, with some heavy localized rains. There were also strong winds reaching the high 90s with the NWS Storm Prediction Center indicating preliminary indicators suggest a derecho from eastern IA to northern IN. The extent of any actual damage is so far unknown.
Sep 26 Corn is at $4.49 3/4, up 13 cents,
Nearby Cash is at $4.20 3/4, up 13 cents,
Dec 26 Corn is at $4.73 1/2, up 13 cents,
Mar 27 Corn is at $4.89, up 13 cents,
New Crop Cash is at $4.24 1/1, up 13 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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