Corn futures closed lower on Friday, with December contracts down 10-11 ½ cents. Despite this, December closed the week with a 3 cent gain. The national average Cash Corn price was down 11 cents at $3.91 ½. USDA released an updated Crop Production report showing corn yield at 186 bpa, down 0.7 bpa from September. The report reduced output by 62 mbu to 16.752 bbu, traders were looking for a 184 bpa yield.

According to the WASDE report, there was a 207 mbu increase to the 2024/25 carryout number at 1.532 bbu. Total 2025/26 supply increased by 144 mbu to 18.309 bbu, with exports up by 100 mbu. World corn ending stocks are estimated at 281.34 MMT, a reduction from the September report. The USDA released flash sale announcements from October 1 to November 12, reporting 4.915 MMT as large sales, with 4.367 MMT for the current marketing year.

Dec 25 Corn closed at $4.30 1/4, down 11 1/4 cents. Nearby Cash was $3.91 1/2, down 11 cents. Mar 26 Corn closed at $4.44, down 11 1/2 cents. May 26 Corn closed at $4.52 1/4, down 10 3/4 cents.

Read more at Yahoo Finance: Corn Posts Double Digit Losses as Yield Cut Falls Short of Estimates