Corn jumps after NASS cuts yield to 180.7 bpa and lowers ending stocks
AI Market Summary
USDA NASS's August report cut corn yield to 180.7 bpa and lowered 2025/26 ending stocks despite higher planted acres, tightening expected supply and lifting cash and CBOT new-crop prices. WASDE also reduced world ending stocks and raised export assumptions, reinforcing the demand-side narrative. EIA data showed ethanol output and inventories slightly higher, a modestly supportive signal for corn demand amid weather-related uncertainty.
Impact level
● Medium
Affected assets
NCCOCOTTON2USD/USDT-0.75%
AI Insight · NCCOCOTTON2USD/USDTAI Insight
▲ Bullish
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USDA’s NASS slashed its August corn yield estimate to 180.7 bushels per acre and lowered projected ending stocks, tightening the supply outlook. The agency raised planted area by 1.4 million acres, but the revised balance sheet still sparked a sharp rally. CmdtyView’s national average cash corn price rose 20.25 cents to $4.2725, while CBOT December corn gained 20.25 cents to $4.8075. EIA data showed ethanol output edged up to 1.117 million barrels per day and inventories also increased slightly.
