Corn Prices Plummet on Record Fund Position, Wheat Hits Two-Week Low

Corn prices slumped for the fifth consecutive day on September 9, 2026, as the US Department of Agriculture's (USDA) record fund position weighed on the market. The decline comes ahead of the release of the agency's monthly supply and demand report, which is expected to provide valuable insights into grain production and consumption trends.

The wheat market was also impacted by geopolitical tensions, with prices hitting a two-week low. The USDA's data will be closely watched as it can have significant implications for grain futures, influencing investor decisions on whether to buy or sell.