Corn Fades Lower into Fridays Close Despite USDA Yield Cut

Corn futures closed out the Friday session with contracts 2 ¾ to 5 cents lower, selling the fact on the lower yield number. December was down 6 ½ cents on the week. The CmdtyView national average Cash Corn price was down 3 1/4 cents at $4.84 3/4. 

USDA reported a private export sale of 264,000 MT this morning, all to Mexico for 2026/27 shipment.

The monthly Crop Production report from NASS showed US corn yield down 2.2 bpa to 178.5 bpa, and in line with trade estimates. Production was down 213 mbu from August at 15.8 bbu as harvested acres were trimmed by 87,000 acres to 85.506 million acres.

Via the WASDE, old crop ending stocks were down 23 mbu to 1.922 bbu as the World Ag Outlook board increased exports by 25 mbu and added 2 mbu to imports. New crop carryout was cut by 86 mbu on the production adjustment and carryover, to 1.567 bbu. They also adjusted feed and residual 150 mbu lower.

World ending stocks were 2.55 MMT higher for 2025/26 this month to 301.38 MMT, as old crop Brazilian production was up 1 MMT to 141 MMT. New crop world carryout was 2.55 MMT lower, to 272.10 MMT

Export Sales data from this morning, with a total of 79,788 MT of 2025/26 sales in the week of 9/3 to round out the marketing year. Sales for new crop in the week ending on September 3 were tallied at 1.929 MMT, with 993,349 MT in unshipped sales carried over from 2025/26. 

The weekly commitment of Traders update from CFTC showed managed money trimming back 5,891 contracts from their previously record net long in corn futures and options. That net long stood at a still large 425,171 contracts on September 3.

Sep 26 Corn  closed at $5.10 1/4, down 3 3/4 cents,

Nearby Cash  was $4.84 3/4, down 3 1/4 cents,

Dec 26 Corn  closed at $5.30 1/4, down 3 1/2 cents,

Mar 27 Corn  closed at $5.45 1/2, down 3 3/4 cents,

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