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Corn futures closed on September 25, 2023, with losses ranging from 4 to 5 1/4 cents across most contracts. The CmdtyView national average cash corn price fell by 5 cents to $3.74 3/4. An Allendale survey estimated corn yield at 187.52 bushels per acre (bpa), with total production projected at 16.631 billion bushels.
This week’s crop progress data showed a 2-point decline in good/excellent conditions to 69%. The Brugler500 index dropped to 376, the lowest since early June, as deterioration was noted in states such as Illinois, Ohio, and South Dakota. Weekly ethanol data will be released on Thursday, and the export sales report is delayed until Friday.
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