Corn prices dropped 2 to 3 ¼ cents on Wednesday due to USDA findings in the quarterly Grain Stocks report. Preliminary open interest increased by 11,836 contracts, signaling new selling interest. The national average Cash Corn price fell 6 cents to $3.72 ¼. The Grain Stocks report showed September 1 corn stock at 1.532 bbu, well above expectations. Condition ratings from Monday’s Crop Progress report varied across states. Despite a government shutdown, the EIA is expected to release the Weekly Petroleum Status report soon. The Buenos Aires Grain Exchange estimates the 2025/26 Argentina corn crop at 58 MMT, significantly higher than last year. ANEC predicts Brazilian corn exports for September at 7.27 MMT, a decrease from the previous week. Corn futures closed lower for Dec 25, Mar 26, and May 26 contracts.

Read more at Yahoo Finance: Corn Starting October with Continued Weakness