Corn Rises to Early-July Highs

2025-09-12 17:56 By Felipe Alarcon 1 min. read

Corn prices climbed toward $4.30 per bushel, their highest since early July, as traders digested an unexpectedly tight supply and demand balance despite record US production.

The September WASDE lifted 2025/26 US corn output to a record 16.81 billion bushels on larger acreage even as it trimmed the yield slightly, while exports were raised to a record 2.98 billion bushels and ending stocks were pegged at 2.11 billion, only marginally lower than August despite the production bump.

Meanwhile, wetter-than-ideal early-season conditions encouraged disease pressure (southern rust, tar spot) in key states such as Iowa, and intermittent heat and dryness in parts of the Eastern Corn Belt have raised the prospect that August crop-condition ratings, and thus final yields, could disappoint.

At the same time, ethanol and feed/residual use remain firm and US export demand is running up against global competition.



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