Corn Struggles to Extend Rebound

2026-11-13 03:52 By Joshua Ferrer 1 min. read

Corn futures traded around $4.4 per bushel, struggling to sustain their rebound from a three-month low as a stronger US dollar and favorable South American weather offset tighter domestic supply projections.

The USDA's November WASDE report lowered projected US corn production to 15.89 billion bushels from 16.03 billion in October, while ending stocks were revised down to 1.758 billion bushels from 1.849 billion.

Meanwhile, the US harvest reached 81% completion as of November 8, five percentage points behind the five-year average, with wet conditions slowing fieldwork in major producing states.

However, export demand remained a concern, with US corn export inspections running nearly 16% below last year's pace.

A stronger dollar, which climbed to a 19-month high following hotter-than-expected US inflation, further pressured prices by making American supplies less competitive overseas.

Traders now await the USDA's weekly export sales report for fresh demand signals.



News Stream
Corn Struggles to Extend Rebound
Corn futures traded around $4.4 per bushel, struggling to sustain their rebound from a three-month low as a stronger US dollar and favorable South American weather offset tighter domestic supply projections. The USDA's November WASDE report lowered projected US corn production to 15.89 billion bushels from 16.03 billion in October, while ending stocks were revised down to 1.758 billion bushels from 1.849 billion. Meanwhile, the US harvest reached 81% completion as of November 8, five percentage points behind the five-year average, with wet conditions slowing fieldwork in major producing states. However, export demand remained a concern, with US corn export inspections running nearly 16% below last year's pace. A stronger dollar, which climbed to a 19-month high following hotter-than-expected US inflation, further pressured prices by making American supplies less competitive overseas. Traders now await the USDA's weekly export sales report for fresh demand signals.
2026-11-13
Corn Rebounds from 3-Month Low After WASDE
Corn futures rebounded to $4.50 per bushel from a three-month low of $4.40 on November 9th after the USDA's WASDE report downwardly revised the supply backdrop in the US. US corn stocks at the end of the marketing year are expected to be 1.758 billion bushels, revised lower from last month's projection of 1.849 billion, consistent with a reduction in annual production to 15.89 billion bushels from 16.03 billion. Meanwhile, the US harvest reached 81% completion as of November 8th, five percentage points behind the five-year average, with wet conditions slowing fieldwork in key producing states such as Iowa. The data trimmed the recent decline in corn prices, which had been partially driven by the slump in fuel costs amid fresh optimism over diplomacy in Iran, limiting demand for ethanol.
2026-11-10
Corn Trades Near August Lows
Corn futures held around $4.4 per bushel, near their lowest level since mid-August, as traders positioned ahead of the USDA's November WASDE report for updated estimates on US production and inventories. Analysts expect the agency to lower its 2026/27 production forecast to 15.94 billion bushels from 16.03 billion in October, potentially providing support to prices. The US harvest reached 81% completion as of November 8, five percentage points behind the five-year average, with wet conditions slowing fieldwork in key producing states such as Iowa. Funds have also completed their liquidation of net-long positions, leaving room for renewed buying if the USDA delivers a deeper production cut. However, export demand remains a concern, with weekly corn inspections at 905,267 metric tons, down from 1.48 million tons a year earlier. A fresh sale of 110,000 tons to Mexico for delivery in 2026/27 offered some support.
2026-11-10