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CornMarkets

Corn Futures Fall on Profit-Taking

Corn futures fell below $5.2 per bushel, easing from a three-year high as traders took profits following the recent rally. Still, concerns over US yields and potential export demand continued to support prices. The latest USDA report showed the corn crop holding at 57% good-to-excellent as of August 30, while recent field assessments pointed to mixed and, in some areas, lower-than-expected yields, raising doubts over the size of this year’s harvest. Meanwhile, Chinese officials are reportedly discussing purchases of US agricultural products, including corn, ahead of a potential Trump-Xi meeting. Global supply concerns also persist, with the EU forecasting its 2026 maize harvest at nearly a 20-year low, while disruptions to Black Sea grain shipments remain a risk to exports. Ahead of the USDA’s weekly export sales report, traders expect US old-crop corn sales of up to 200,000 metric tons and new-crop sales of as much as 1.6 million tons, keeping attention on overseas demand.

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