{
  "id": 11128811,
  "title": "Corn futures fall amid high stocks",
  "url": "https://urgent.news/2026/10/01/corn-futures-fall-amid-high-stocks",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T06:47:18.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40442159/corn-futures-fall-amid-high-stocks"
  },
  "original_language": "en",
  "account": "Chicago corn futures tumbled for a fourth day in a row on Thursday, driven by a surge in US stockpiles. The price dropped 0.05% to $5-1/2 a bushel by 02:45 GMT. The contract traded within a narrow band between $5 and $5.03 a bushel.\n\nAs of September 1, US farmers and grain handlers held 35% more corn in storage compared to the same period last year, according to the US Department of Agriculture. This marked a larger-than-anticipated rise, following a robust harvest in 2025.\n\nThe spot basis bids for corn weakened in the US Midwest on Wednesday, as favorable weather forecasts suggested improved harvest progress and increased grain movement. Meanwhile, hard red winter wheat basis bids remained stable to slightly weaker in the southern US Plains. Wheat prices also slipped 0.15% to $6.74-3/4 a bushel, marking a second day of decline.\n\nGrain consultancy Sovecon revised its forecast for Russia's 2026/27 grain exports downward to 44.7 million metric tons, from the previously anticipated 49.4 million tons. This adjustment warned that the Azov and Black Sea ports would remain closed until 2027. The most-active soybean contract on the Chicago Board of Trade (CBOT) fell 0.29% to $12.89-1/4 a bushel. Analysts predicted a drop in US soybean crush in August to an 11-month low of 6.317 million short tons, or 210.5 million bushels, prior to a scheduled USDA report on Thursday. Spot basis bids for soybeans were mixed in the US Midwest, with harvest delays continuing to hinder grain flow in certain areas, while other locations reduced posted bids in anticipation of higher supplies in October.",
  "summary": "JAKARTA: Chicago corn futures fell for a fourth consecutive session on Thursday amid higher-than-expected US stocks. Corn lost 0,05% to $5-1/2 a bushel by 0245 GMT. The contract was traded in a tight range between $5 and $5.03 a bushel. US farmers and grain handlers had 35% more corn in storage as of September 1 than a year earlier, the US Department of Agriculture said on Wednesday, a…",
  "key_points": [
    "Chicago corn futures drop 0.05% to $5-1/2 a bushel",
    "US corn stocks 35% higher than last year's same period",
    "Russia's 2026/27 grain export forecast cut to 44.7 million tons"
  ],
  "editors_take": "The surge in US corn stockpiles, surpassing expectations, puts downward pressure on corn futures and suggests that favorable weather and a robust harvest will keep grain prices in check.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}