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Barchart
Barchart
Austin Schroeder

Corn Slipping Ahead of USDA Report

Corn futures are down 2 to 2 ¼ cents in the front months on Tuesday morning. The corn market closed out the Monday session with front months fractionally lower and contracts for September ’26 and beyond up ¾ to 1 ¾ cents. Preliminary open interest was up 1,724 contracts on Tuesday, with December down 4,101 contract and March up 4,903 contracts. The CmdtyView national average Cash Corn price was steady at $3.78 ¼ on Monday. 

Heading into this morning September 30 Grain Stocks report, analysts surveyed by Bloomberg are looking for USDA to show 1.336 bbu of corn on hand as of September 1. The range of estimates is 1.26 to 1.45 bbu. The trade will be watching for any surprises via the feed and residual category.

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