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Austin Schroeder

Corn Posts Double Digit Losses as Yield Cut Falls Short of Estimates

USDA CmdtyView United States

Corn futures closed out the Friday session with contracts down 10 to 11 ½ cents. Despite the losses, December closed with a gain of 3 cents on the week. The CmdtyView national average Cash Corn price was down 11 cents at $3.91 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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