Corn futures fell on Tuesday as the USDA increased the national corn production estimate by over 1 billion bushels, leading to losses of 12 to 13.5 cents in contracts. The CmdtyView national average cash corn price decreased by 13.25 cents, settling at $3.54 1/4 per bushel.
The USDA reported a sale of 315,488 MT of corn to Mexico, consisting of 20,830 MT for the old crop and 294,658 MT for the 2025/26 crop. The national corn yield was revised to 188.8 bpa, exceeding trade expectations of 184.3 bpa, with total production estimated at 16.742 billion bushels, and acreage increased to 97.3 million acres.
USDA’s crop progress data indicated a slight decline in corn condition ratings, now at 72% good/excellent. South Korean importers also purchased 65,000 MT of corn, while ANEC estimates Brazil’s August corn exports at 7.97 MMT, up 0.39 MMT from previous forecasts.
