CBOT corn edges higher ahead of USDA crop report
CBOT corn futures closed slightly up after rebounding from a four-month low. The market now awaits the USDA's monthly crop report due Tuesday.
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what happened
CBOT corn futures ended Friday slightly higher as traders covered short positions and bought on technical signals, rebounding from a four-month low set earlier in the week. Market participants are waiting for the US Department of Agriculture's monthly crop report, due Tuesday. The agency will check the figures with an artificial intelligence tool after errors in its September corn data. A Reuters poll of analysts expects the harvest at 15.962 billion bushels, down from 16.034 billion in the October estimate. December corn (CZ26) gained 1-1/2 cents to $4.41-1/2 a bushel, though it fell about 1.4% over the week.
why it matters
If the forecast holds, the crop would still rank as the second largest on record, behind last year's harvest. Drier weather next week should help farmers finish corn and soybean harvesting, which recent rains slowed.
market impact
Corn: the expected USDA crop revision will drive prices in the coming days
tags
instruments
sources
- CBOT corn creeps higher before USDA crop data next week — Reuters, 6 November 2026 at 19:43 UTC
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