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Austin Schroeder

Corn Falling as USDA Yield Cut Comes Well Shy of Estimates

USDA United States CmdtyView

Corn futures are falling 9 to 11 cents at midday, as USDA’s yield cut was far shy of estimates. The CmdtyView national average Cash Corn price was up another 6 ½ cents at $4.02 ½. 

After a month off, USDA released an updated Crop Production report this morning, showing corn yield at 186 bpa. That was just a 0.7 bpa decrease from the September report and dropped output by 62 mbu to 16.752 bbu. Traders were looking for a 184 bpa yield number.

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