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Corn futures closed out the Friday session with contracts down 10 to 11 ½ cents. Regardless of the losses, December closed with a achieve of three cents on the week. The CmdtyView nationwide common Money Corn worth was down 11 cents at $3.91 ½.
After a month off, USDA launched an up to date Crop Manufacturing report this morning, exhibiting corn yield at 186 bpa. That was only a 0.7 bpa lower from the September report and dropped output by 62 mbu to 16.752 bbu. Merchants had been searching for a 184 bpa yield quantity.
As per the WASDE, there was a 207 mbu enhance to the 2024/25 carryout quantity at 1.532 bbu, anticipated from the September Grain Shares report, which took whole 2025/26 provide 144 mbu increased to 18.309 bbu. Different demand adjustments got here from exports (+100 mbu), which restricted the elevated the 2025/26 carryout estimate to 44 mbu to 2.154 bbu. The money common worth was additionally raised by a dime to $4.00.
World corn ending shares are estimated at 281.34 MMT, which was a 0.06 MMT discount from the September report. That got here as China was trimmed by 3.16 MMT, offsetting the US quantity.
The USDA additionally launched the backlog of flash sale bulletins from October 1 to November 12, with 4.915 MMT reported as giant gross sales (exceeding 100,000 MT). Of that, 4.367 MMT was for the present advertising and marketing 12 months and 548,640 MT for 2026/27.
Dec 25 Corn closed at $4.30 1/4, down 11 1/4 cents,
Close by Money was $3.91 1/2, down 11 cents,
Mar 26 Corn closed at $4.44, down 11 1/2 cents,
Could 26 Corn closed at $4.52 1/4, down 10 3/4 cents,
On the date of publication, Austin Schroeder didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All data and knowledge on this article is solely for informational functions. This text was initially revealed on Barchart.com
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