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CBOT corn futures fall after USDA report

ReutersSep 30, 2025 6:38 PM

- Chicago Board of Trade corn futures ended lower on Tuesday after a bearish U.S. Department of Agriculture quarterly stocks report.

  • Most-active CBOT December corn CZ25 settled 6 cents lower to $4.15-1/2 per bushel.

  • Warm and dry weather over the U.S. Corn Belt promoted harvest progress over the weekend, and forecasts called for more of the same this week.

  • The corn harvest was 18% complete by Sunday, according to USDA.

  • Export demand has been strong.

  • Traders braced for a fast-approaching U.S. government shutdown. Previous shutdowns have disrupted the release of USDA reports.

  • The USDA said in a quarterly report that there were 1.532 billion bushels of corn in storage as of September 1, down from 1.763 billion bushels a year earlier. Analysts on average expected 1.337 billion bushels.

  • Low prices boosted exports in the world's top corn supplier this year, reducing supplies in storage, but also making it difficult for farmers to turn a profit at a time when costs have increased for fertilizer, seed and other goods.

  • Despite low prices, U.S. livestock producers likely used less corn for feed than previously expected because Washington blocked imports of Mexican cattle in a bid to keep out the damaging parasite New World screwworm, which has spread in Mexico, analysts said.

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