Corn futures fell 6 to 7 cents due to USDA’s quarterly Grain Stocks report revealing more bushels than expected. September 1 corn stocks were 1.532 bbu, surpassing trade guesses and last year’s figures. Harvest progress sits at 18%, below the average pace, with condition ratings steady at 66% gd/ex.

The Buenos Aires Grain Exchange predicts a 58 MMT Argentina corn crop for 2025/26, a significant increase from last year. ANEC estimates Brazilian corn exports for September at 7.27 MMT, down from the previous week. Corn prices closed lower with Dec 25 Corn at $4.15 1/2 and Mar 26 Corn at $4.32.

Overall, corn prices dropped due to higher stocks than expected. Harvest is slightly behind schedule with condition ratings stable. Argentina and Brazil project larger corn crops and exports. Prices closed lower, signaling market reaction to the latest reports.

Read more at Yahoo Finance: Corn Falls Lower on Monday, as Stocks Come in Well Above Estimates