Corn Futures Decline Amid Improved Crop Conditions
Corn futures are down by 2 to 3 cents at midday, with the national average Cash Corn price falling 3 cents to $4.95 ¾. The USDA's latest report indicates that 58% of the U.S. corn crop is mature as of September 20, and harvest progress is ahead of the five-year average pace. Market conditions show improvement with good-to-excellent ratings rising by one percentage point to 57%. Argentina’s Buenos Aires Grain Exchange estimates its upcoming corn crop at 66 million metric tons for 2026/27, slightly above last year's figure. The Brugler500 index remains stable. December 26 Corn is trading at $5.40 (down 3 cents), March and May contracts are also down by around 2¾ cents each.
Topics: corn crop progress futures