CBOT corn hits contract lows on high yield projections
CHICAGO, Aug 5 (Reuters) - Chicago Board of Trade corn futures set fresh contract lows on Tuesday, with steady U.S. crop conditions and expectations of a bumper U.S. corn yield keeping market focus on ample supply.
The U.S. Department of Agriculture on Monday reported that 73% of the corn crop was in good or excellent shape, a nine-year high and unchanged from a week ago. The rating met analyst expectations.
Commodity brokerage StoneX projected on Monday U.S. 2025 corn production at 16.323 billion bushels, above the USDA's latest corn harvest projection.
The USDA said 1,207,642 metric tons of corn were inspected for export last week, in line with trade estimates. USDA/I
CBOT December contract CZ25 fell 5 cents to close at $4.02 a bushel after hitting a contract low of $4.01-1/2 a bushel. All contracts from September 2025 through September 2026 posted contract lows on Tuesday.
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