Corn futures fell on September 25, 2023, with nearby contracts declining by 1 to 3 ¼ cents. The CmdtyView national average cash corn price decreased by 2 cents to $3.69 ¾.
The USDA’s Crop Progress report indicated that corn condition ratings remain steady at 71% good/excellent, while the Brugler500 index fell by 1 point to 381. Specific state performance included a 7-point drop in Illinois and a 4-point drop in Iowa, while Michigan improved by 12 points.
Brazil’s August corn exports are estimated at 7.8 million metric tons (MMT), down 0.25 MMT from previous estimates.
