Corn Pulls Away from June Highs

2025-11-20 17:31 By Felipe Alarcon 1 min. read

Corn futures fell below $4.30 per bushel and retreating from June highs as the supply picture has brightened just as buying interest softened.

The USDA’s November WASDE reinforced that view by leaving US production roughly unchanged while trimming use by about 400 million bushels, a combination that left US ending stocks at a comfortably above average stock to use ratio of about 13% versus a 16 year average near 11%.

A near record US harvest is finishing, Brazilian exports remain heavy with November shipments expected to be large, and Vessels and tenders show buyers able to pick up US corn at cheaper levels.

Black Sea supplies are competing too even though Ukrainian exports are unusually low this season because duties and reduced European purchases have shifted demand patterns.

These forces have raised effective world availability, reduced the urgency of restocking, and left corn vulnerable to corrective selling even as export demand stays present.



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