Commodities
USDA Report Looms as Corn Prices Slip Lower Ahead of Harvest
Corn prices slipped lower on Tuesday as traders took a cautious approach ahead of the upcoming USDA report. The CmdtyView national average Cash Corn price fell by half a cent to $4.79 1/2 at the close.
The latest NASS Crop Progress report showed that 72% of the US corn crop was mature as of September 27, with harvest progressing at an average pace. Condition ratings remained steady, with 57% of the crop in good to excellent condition.
Traders surveyed by Bloomberg are expecting corn stocks to total around 1.911 billion bushels on September 1, significantly higher than last year's figure but slightly lower than the WASDE estimate for 2025/26 US corn ending stocks.