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Corn futures fell by 6 to 7 cents on Tuesday as the USDA reported a higher-than-expected corn stock figure of 1.532 billion bushels (bbu) as of September 1, compared to the average trade guess of 1.336 bbu. The CmdtyView national average Cash Corn price declined by 6¾ cents, with December 25 Corn trading at $4.14½ and March 26 at $4.31¼.
Recent Crop Progress data indicated that 95% of the US corn crop is dented, with 71% mature, and harvest at 18%, slightly below the 19% average pace. Condition ratings remained stable at 66% good/excellent. In contrast, the Buenos Aires Grain Exchange projected Argentina’s 2025/26 corn crop at 58 million metric tons (MMT), significantly higher than last year’s 49 MMT.
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