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Austin Schroeder

Corn Holding Steady at Midday

CmdtyView United States

Corn futures are steady to fractionally higher so far on Wednesday. The CmdtyView national average Cash Corn price is steady at $3.93.

USDA's armchair estimate for the US corn balance sheet will be released at Thursday’s Ag Outlook Forum. Ahead of the release, a Bloomberg survey of analysts is calling for corn acreage to drop 3.8 million acres from last year to 95 million acres. Corn production is estimated to total 15.936 bbu, which would be a drop of 1.085 bbu from last year's total.

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