Commodities
Corn Futures Slip After USDA Yield Cut
Corn futures closed lower on Friday, despite a yield cut from the USDA. The decline came after the agency reported a private export sale of 264,000 MT to Mexico for shipment in 2026/27.
The monthly Crop Production report showed US corn yield down 2.2 bpa to 178.5 bpa, and in line with trade estimates. Production was down 213 mbu from August at 15.8 bbu as harvested acres were trimmed by 87,000 acres to 85.506 million acres.
The WASDE report also showed old crop ending stocks down 23 mbu to 1.922 bbu, with exports increased by 25 mbu and imports added 2 mbu. New crop carryout was cut by 86 mbu on the production adjustment and carryover, to 1.567 bbu.