USDA Cuts Corn Yield Outlook

Corn futures rose after the USDA cut its 2026/27 yield forecast below expectations, though it still sees a near-record harvest.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02The USDA cut its U.S. corn yield forecast for the 2026-27 season to 180.7 bushels an acre,

00:10from 183 bushels in July. Below analysts' expectations of 182.5 bushels, according

00:16to the Wall Street Journal, corn futures rose 2.9% to $4.74 a bushel after the report.

00:22The USDA raised expected harvested acreage to 88.6 million acres, lifting its production

00:28forecast by 13 million bushels to 16.013 billion bushels. The agency still expects the second

00:34largest U.S. corn harvest on record. The USDA expects the U.S. corn harvest to be the second

00:39largest on record. For all things money, visit Benzinga.com.