Corn Drops to 1-Month Low

2025-10-13 16:09 By Felipe Alarcon 1 min. read

Corn futures slid toward $4.10 per bushel in October, hitting a one-month low as a surge of new supply overwhelmed available demand.

South American output estimates were revised higher, with Argentina headed for a record crop and Brazil’s corn crop near 141.3 million tonnes, swelling exportable volumes and intensifying competition on world markets.

In the United States a faster-than-expected harvest moved fresh bushels into elevators, pressuring local basis levels as farmer selling accelerated.

Crucially, China pared back its 2025/26 corn import forecast, removing a key marginal buyer and shrinking global demand for shipments.

Meanwhile USDA and private estimates point to larger-than-anticipated world ending stocks, and with feed and ethanol uptake failing to absorb the excess, the physical balance turned loose and sustained the downtrend in futures.



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