Corn Slipping Back in Sell the Fact Reaction to USDA Yield Cut

Corn Slipping Back in Sell the Fact Reaction to USDA Yield Cut

Fri, September 11, 2026 at 7:57 PM GMT+3 2 min read

Corn futures are trading with midday losses of 2 to 3 cents so far on Friday. The CmdtyView national average Cash Corn price is down 2 1/2 cents at $4.85 1/2.

USDA reported a private export sale of 264,000 MT this morning, all to Mexico for 2026/27 shipment.

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The monthly Crop Production report from NASS showed US corn yield down 2.2 bpa to 178.5 bpa, and in line with trade estimates. Production was down 213 mbu from August at 15.8 bbu as harvested acres were trimmed by 87,000 acres to 85.506 million acres.

Via the WASDE, old crop ending stocks were down 23 mbu to 1.922 bbu as the World Ag Outlook board increased exports by 25 mbu and added 2 mbu to imports. New crop carryout was cut by 86 mbu on the production adjustment and carryover, to 1.567 bbu. They also adjusted feed and residual 150 mbu lower.

World ending stocks were 2.55 MMT higher for 2025/26 this month to 301.38 MMT, as old crop Brazilian production was up 1 MMT to 141 MMT. New crop world carryout was 2.55 MMT lower, to 272.10 MMT

Export Sales data from this morning, with a total of 79,788 MT of 2025/26 sales in the week of 9/3 to round out the marketing year. That exceeded trade ideas looking for net cancellations of 600,000 MT to net sales of 50,000 on old crop corn sales. Sales for new crop in the week ending on September 3 were tallied at 1.929 MMT, with 993,349 MT in unshipped sales carried over from 2025/26. Traders were looking for between 1-1.9 MMT.

Sep 26 Corn is at $5.09 1/2, down 4 1/2 cents,

Nearby Cash is at $4.85 1/2, down 2 1/2 cents,

Dec 26 Corn is at $5.31 1/4, down 2 1/2 cents,

Mar 27 Corn is at $5.46 3/4, down 2 1/2 cents,

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com