Corn Logs Longest Losing Streak Since 2025
2026-10-20 03:20
By
Joshua Ferrer
1 min. read
Corn futures fell for a sixth consecutive session to around $4.6 per bushel, their longest losing streak since March 2025, as weak export demand and harvest pressure prompted fund selling.
Money managers' net-long position fell to a two-month low in the week ended October 13 as funds reduced bullish bets across the grain complex, despite concerns over Black Sea supplies and the threat of a severe El Niño weather pattern.
US corn export inspections plunged nearly 50% week-on-week to 672,500 metric tons in the week ended October 15, while total export sales for the 2026/27 marketing year were down 2.3% from a year earlier.
Meanwhile, US farmers had harvested 44% of the crop, adding to concerns over ample supplies.
Drier Midwest weather forecasted through the end of the week is expected to accelerate harvesting.
The USDA's October outlook also projected a record-large crop of 16.03 billion bushels, with yields estimated at 181.2 bushels per acre and ending stocks at 1.849 billion bushels.