Corn price action is up 1 to 2 cents so far on Thursday. Futures were under pressure on Wednesday following USDA’s quarterly stocks report with front months down 18 ¼ to 21 ¼ cents and 2027 crop contracts steady to 9 ¼ cents lower. New short interest was noted, with open interest was up 18,753 contracts. The CmdtyView national average Cash Corn price was down 20 3/4 cents at $4.58.
The quarterly Grain Stocks report from NASS showed September 1 stocks of corn at 2.095 billion bushels. That was well above the 1.551 bbu from last year, and 173 mbu higher vs. the WASDE estimate for 2025/26 US corn ending stocks and 184 mbu above estimates.
