Corn Futures Hit 6-Week Low
Corn futures fell below $5.0 per bushel, reaching their lowest level in six weeks, as larger-than-expected US inventories and weak export demand continued to pressure prices. The USDA reported US corn stocks at 2.095 billion bushels as of September 1, up 35% from a year earlier and above the 1.924 billion bushels expected by markets. The data reinforced concerns over abundant supplies as the 2026 harvest progresses, with drier weather expected to allow fieldwork to accelerate across much of the Midwest. Export demand has also remained soft, with total US corn commitments for the 2026/27 marketing year at 18.774 million tonnes, 31% below the same period last year and 8% below the five-year average. The decline in prices also reflected broader weakness across grain markets as China excluded soybeans from proposed tariff reductions on US agricultural goods. A private sale of 218,600 tonnes of US corn to Mexico provided some support, including 173,800 tonnes for 2026/27.
0 per bushel, reaching their lowest level in six weeks, as larger-than-expected US inventories and weak export demand continued to pressure prices. 924 billion bushels expected by markets. The data reinforced concerns over abundant supplies as the 2026 harvest progresses, with drier weather expected to allow fieldwork to accelerate across much of the Midwest. 774 million tonnes, 31% below the same period last year and 8% below the five-year average.
The decline in prices also reflected broader weakness across grain markets as China excluded soybeans from proposed tariff reductions on US agricultural goods. A private sale of 218,600 tonnes of US corn to Mexico provided some support, including 173,800 tonnes for 2026/27.