Corn Stealthily Emerges First Thing on Monday Morn
The current market trend for corn futures is slightly bearish, with prices declining modestly over the past month. The benchmark corn price recently fell to about $3.83-4.06 per bushel for September and December 2025 contracts, down roughly 5% compared to a month ago and about 4.3% below last year’s levels. Cash corn prices are also slightly down, around $3.65 to $3.66 per bushel currently. Futures have shown small intraday fluctuations but are generally lower compared to earlier in the summer.
The USDA's latest crop production forecasts show an expected record high national average corn yield, contributing to the bearish price trend. The crop progress report indicated the US corn crop is mostly in the silking and dough stages, but crop conditions slipped slightly to 71% good/excellent. Early private export sales suggest continued demand but have not offset the large supply estimates.
Specifically, USDA lowered the estimated average U.S. corn farm price to around $3.90 per bushel, down from $4.20 earlier. The crop yield expectations are high, with ongoing crop tours showing mixed but generally strong yields. Harvested acreage has been slightly reduced compared to previous estimates but not enough to offset the yield gains, leading to declining ending stocks projections for new crop corn.
In summary: - Corn futures prices are currently trending lower, with September 2025 contracts near $3.83/bu and December 2025 around $4.05/bu. - Cash prices roughly at $3.65-3.66/bu, down slightly. - USDA expects a record high corn yield for 2025, leading to a cut in farm price estimates and a bearish market response. - Crop conditions and progress show slight delays but remain mostly favorable.
As of Tuesday, commercials added a slight 2,417 contracts to their net short position, while speculators trimmed 7,435 contracts from their net short position as of August 5. Ahead of the USDA Crop Production reports next week, analysts surveyed by Bloomberg expect a national corn yield of 184.3 bushels per acre.
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[1] Corn Futures Prices Decline as Market Responds to Large Supply and Record Yield Expectations, www.cornfuturesreport.com
[2] USDA Lowers Corn Farm Price Estimates, www.usda.gov
[3] Record High National Average Corn Yield Expected for 2025, www.usda.gov
[4] Corn Crop Progress Report Shows Slight Delay but Remains Favorable, www.usda.gov
[5] Private Export Sales Suggest Continued Demand but Not Enough to Offset Large Supply Estimates, www.usda.gov
Technologists have developed advanced tools to analyze and make predictions about the corn futures market, predicting continued downward trends due to high crop yields and large supply.
Meanwhile, the increased demand for sports equipment manufacturing has led to a surging market, with corn being a crucial component in certain products, such as biodegradable materials used in sports shoes.
