Corn futures on CBOT slide to two-month low as Midwest harvest speeds up
CBOT corn dropped for a fifth straight session to its lowest in over two months as dry weather sped harvesting, Reuters reported, citing crop data.
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what happened
December CBOT corn (CZ26) closed 7-1/4 cents lower at $4.67 a bushel on Monday, its fifth consecutive decline and the weakest level in more than two months, according to Reuters. Dry conditions across the Midwest helped farmers gather the crop faster, and forecasts pointed to more good weather through the end of the week.
The USDA will publish its weekly crop progress data later on Monday. Analysts polled by Reuters expect it to show 49% of the US corn crop harvested as of Sunday. Export inspections for the week ended October 15 totaled 672,475 metric tons, compared with 1,313,733 tons a week before and below the 1.1 to 1.35 million ton range analysts had forecast.
why it matters
Faster harvesting adds supply pressure to the grain market as more product reaches the market. Softer export inspections point to weaker overseas demand for US corn. Traders will watch the USDA progress report for signs of how quickly the crop is moving to market.
market impact
Corn and grain futures: faster harvest and weaker exports press prices lower
tags
instruments
sources
- CBOT corn falls to 2-month low as Midwest harvest accelerates — Reuters, 19 October 2026 at 18:45 UTC
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