USDA lifts outlook for 2026/27 U.S. corn production
USDA raised projected 2026/27 U.S. corn production to 16.03 billion bushels, its second-highest level ever, despite excessive rainfall last month.
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Corn futures stay near two-week highs above $4.50
Corn futures trade above $4.5 per bushel near a two-week high after USDA lifts 2025/26 and 2026/27 export forecasts by 75 million bushels each, while cutting 2026 yield to 180.7 bpa.