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Commodities

USDA Report to Set Tone for Corn Prices Amid Shipping Headlines

Guavy AI Editorial Team
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Corn
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Corn prices in Chicago rose on Thursday as traders weighed US crop stress and Black Sea shipping risks.

The market is waiting for Friday's USDA supply-and-demand report, which will provide fresh math on how much corn the US will produce.

A Reuters poll suggests the USDA's monthly corn yield estimate will land near 178.2 bushels per acre, with small tweaks having a significant impact on the 'balance sheet', total harvest, exports, and what's left in storage at season's end.

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