Commodities
Corn Prices Plunge on Higher Inventory Levels
US corn futures fell sharply after the USDA released its quarterly Grain Stocks report. The report showed that corn inventories as of September 1 were higher than expected, leading to a selloff in prices.
The USDA's report provided final inventory figures for the 2025-2026 marketing year, which exceeded market estimates. This led to concerns about oversupply and put downward pressure on corn futures.
December corn futures fell from an opening level near 522 cents to a session low of 503.38 cents, a decline of over 3%.