Corn Falls Most Since 2023 After US Makes Surprise Crop Estimate
The USDA lifted its corn yield estimate to 181.2 bushels an acre, increasing production by 234 million bushels and pressuring grain funds.
- On Friday, The USDA raised its United States corn yield forecast to 181.2 bushels an acre, sending the corn fund CORN tumbling 2.85% to US$18.42.
- The USDA increased corn production by 234 million bushels to 16.034 billion, while ending stocks for the 2026-27 crop rose 282 million bushels to 1.849 billion.
- Soybean production forecasts also climbed to 4.562 billion bushels on a 53.1-bushel-per-acre yield, while all-wheat production rose to 1.534 billion bushels from 1.531 billion.
- Markets reacted unevenly to The WASDE report: WEAT fell 1.41% to US$24.41 while SOYB rose 0.51% to US$27.53, reflecting mixed sentiment on supply shifts.
- Before the next WASDE update, market participants including DTN Livestock Analyst ShayLe will monitor United States harvest progress and Chinese buying activity for yield revisions.
13 Articles
13 Articles
Corn Falls Most Since 2023 After US Makes Surprise Crop Estimate
Bloomberg said, “Corn plunged by the most in three years after the US Department of Agriculture raised its outlook for yield and production of the top American crop, when most analysts expected a cut.
WASHINGTON: The US Department of Agriculture (USDA) has raised its estimate for corn consumption for ethanol production in the 2026-27 marketing year, while lowering its estimate for the average seasonal price farmers will receive. Ethanol Producer magazine cited the World Agricultural Supply and Demand Estimates (WASDE) report released on October 9 […] Randhir Patil
hoosieragtoday.com
WWBLUSDA WASDE Delivers Big ‘Shock’: Corn Yield Spike Rattles Grain Markets
Farmers pulling combines through Midwest fields were delivered a stark reminder on Friday of just how fast market sentiment can shift. The U.S. Department of Agriculture’s October World Agricultural Supply and Demand Estimates (WASDE) report caught grain
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