Corn Futures Dip, USDA Reports Lower Yield

Corn futures experienced a significant drop, closing down by ten to eleven and a half cents, but the December contract managed a slight gain. The national average cash corn price also fell by eleven cents. The USDAs updated Crop Production report showed a slight decrease in corn yield, totaling sixty-two million bushels less than expected. The WASDE report revealed a significant increase in the two thousand twenty-four to twenty-five carryout number, reaching one point five three two billion bushels. Globally, corn ending stocks are estimated at two hundred eighty-one point three four million metric tons, a minor reduction from the September report.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.