CBOT corn rebounds from a two-month low as demand improves
CBOT corn recovered after a sharp drop, supported by technical buying and fresh demand, while a large US crop outlook and active harvesting limited gains.
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what happened
Newsmetry API reports that Chicago Board of Trade corn moved higher on Monday, recovering from steep losses in the previous session as technical buying and short covering emerged. Friday’s decline also prompted fresh demand.
On Friday, the US Department of Agriculture projected US corn output at 16.034 billion bushels and the average yield at 181.2 bushels per acre. Both figures were well above most trade estimates. If the forecast is realized, the harvest would be the second-largest on record in the United States.
The advance was restrained by expanding supplies as farmers actively harvest corn amid mostly dry conditions across the Midwest. The USDA is scheduled to publish its weekly crop progress report on Tuesday, one day later than usual because Monday was a federal holiday. The December CBOT contract (CZ26) ended 3-1/4 cents higher at $4.83 a bushel, while the benchmark met overhead chart resistance at its 100-day moving average.
why it matters
The combination of a strong US production outlook and active harvesting points to greater availability, while renewed demand and technical buying provided temporary support. Tuesday’s USDA report may offer further signals on harvest progress.
instruments
sources
- CBOT corn firms in rebound from 2-month low, export demand — Newsmetry API, 12 October 2026 at 18:55 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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