Corn Futures Soar on Disappointing Crop Tour Results

Corn futures surged overnight after disappointing crop tour results from Pro Farmer.

The forecast predicted U.S. corn production to decline more than expected, with a yield of 173.2 bushels per acre for the 2026-2027 marketing year.

This is down from last year's production of 17.021 billion bushels on a yield of 186.5 bushels an acre.

The Ag Department had previously estimated production at 16.013 billion bushels on a yield of 180.7 bushels an acre, but the new forecast indicates a more significant decline.