{
  "id": 11278594,
  "title": "US corn and soybeans prices fall sharply after USDA stocks surprise",
  "url": "https://urgent.news/2026/10/01/us-corn-and-soybeans-prices-fall-sharply-after-usda-stocks-surprise",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T21:00:29.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/us-corn-and-soybeans-prices-fall-sharply-after-usda-stocks-surprise/"
  },
  "original_language": "en",
  "account": "On September 30, the price of US corn and soybeans experienced a sharp decline following the release of the USDA Grains Stocks report. The report revealed higher than expected corn stocks, which impacted the broader market. The USDA updated its quarterly stocks report to 2.095 billion bushels of corn by the end of the 2025-26 marketing year, surpassing both S&P Global Energy CERA’s estimate and trade expectations.\n\nCorn prices on the Chicago Board of Trade (CBOT) fell 21.25 cents to $5.0075 per bushel during the day, while soybean futures contracts dropped 4.75 cents to 1293 cents per bushel for November contracts and 3.5 cents to 1309.25 cents per bushel for January contracts. The decrease in corn prices was largely due to the lower-than-expected feed and residual use, despite a downward revision in production estimates.\n\nThe USDA attributed the increase in corn stocks to smaller harvested areas and lower feed and residual consumption. The agency revised the 2025 US corn crop estimate downward by 58 million bushels to 16.963 billion bushels and confirmed that planted and harvested areas had decreased. Soybeans also faced downward pressure as stocks were slightly lower than expected, with 315 million bushels of old-crop soybean stocks on Sept. 1, down 3% from the previous year.",
  "summary": "US corn outright prices fell sharply Sept. 30, tracking losses on the Chicago Board of Trade after the USDA Grains Stocks report was released, which showed higher corn stocks than expected. Platts assessed October CIF New Orleans corn at $222.75/mt Sept. 30, down $7.95/mt from the previous assessment. November CIF New Orleans corn was assessed ...",
  "key_points": [],
  "editors_take": null,
  "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."
}