Corn Prices Dip Slightly Amid Updated Crop Reports
On Tuesday, corn futures traded slightly lower at midday as prices edged down by a fraction of a cent. The CmdtyView national average Cash Corn price rose by 3.25 cents to $4.87 per bushel. According to the weekly U.S. Department of Agriculture Crop Progress report released on September 13, 86% of the corn crop had reached the dented stage, with 42% mature and 8% harvested. Corn conditions improved by one percentage point this week, reaching 57% in good to excellent condition. The Brugler500 index remained stable at 347 during the period. In Brazil, CONAB reported an increase in the projected corn crop for the 2025/26 season to 144 million metric tons (MMT), up from a previous estimate of 142.96 MMT. Initial estimates for the upcoming 2026/27 Brazilian corn harvest were set at 148 MMT by CONAB, compared to USDA's projection of 139 MMT. Prices across various futures contracts showed minor declines: Dec 26 Corn was down half a cent to $5.32 3/4; Mar 27 and May 27 corn also saw similar drops.
Topics: corn crop progress report futures trading