Sept. 1 Corn Stocks Surprise to Upside

U.S. corn stocks as of Sept. 1 came in well above market expectations, confirming a larger 2025-26 carryout than previously anticipated and sending Chicago corn futures sharply lower. The USDA’s quarterly Grain Stocks report, released Wednesday, pegged Sept. 1 corn stocks at 2.095 billion bu, up 35% from 1.551 billion bu a year earlier. The figure was also 173 million bu above the USDA’s September supply-demand estimate of 1.922 billion bu for 2025-26 ending stocks and 184 million bu