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Corn futures closed on October 3, 2023, with contracts down 2 to 3 cents. The CmdtyView national average Cash Corn price dropped by 3 1/4 cents to $3.91 1/2. December 25 Corn ended at $4.31 1/2, a decrease of 2 3/4 cents, while March 26 Corn closed at $4.44 3/4, down 2 cents.
S&P Global estimated the 2025 US corn yield at 185.5 bushels per acre (bpa), maintaining last month’s projection, with production at 16.803 billion bushels (bbu). The NASS Crop Production report is anticipated on November 14, despite delays due to the government shutdown.
Additionally, CONAB forecasts Brazil’s 2025/26 ethanol production at 36.16 billion liters, an increase from the previous estimate of 35.74 billion liters.
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