Corn Prices Rise Following Pro Farmer Yield Projection
On Monday morning, corn prices surged following the release of a yield projection from Pro Farmer during last week's Crop Tour. The projected U.S. national yield was estimated at 173.2 bushels per acre with production expected to reach 15.344 billion bushel units (bbu). Futures saw late strength over the weekend, and open interest dropped significantly in September contracts despite overall gains across futures markets. The CmdtyView national average Cash Corn price rose by five cents to $4.52½ per bushel. Managed money speculators increased their net long position in corn futures and options by 83,735 contracts as of August 18th. USDA Export Sales data showed old crop commitments at 87.74 million metric tons (MMT), surpassing last year's figures. Agrural reported that the second corn crop for the 2025/26 season was estimated to be 92% harvested, lagging behind historical averages. The first corn crop of the upcoming 2026/27 season is at only 2% planted compared to last year's pace.
Topics: corn futures_prices Pro Farmer Crop Tour