Corn futures plunge after USDA lifts 2026 yield outlook
USDA raised its 2026 US harvest yield outlook, driving corn futures down to as much as the daily trading limit; soybeans and wheat also fell on higher USDA stock forecasts.
US corn futures plunged by as much as the daily trading limit on Friday after the US Department of Agriculture surprised traders with an unexpected increase to its 2026 US harvest outlook. Soybeans and wheat also moved lower after the USDA raised its stock forecasts for the two crops.