Corn futures fell 3 cents to $4.95 as faster-than-average harvest progress and improved crop conditions weighed on market sentiment, while coffee and lean hogs also faced downward pressure.
Corn futures slipped 2-3 cents on improved crop conditions, faster harvest progress, and an above-average harvest pace, pressuring prices.
Coffee prices retreated as abundant global supplies and rains in Brazil improved the supply outlook, weighing on sentiment.
Lean hog futures led livestock market losses as bearish momentum dominated the livestock complex.
Corn futures retreated 2 to 3 cents at midday as favorable weather conditions boosted crop ratings to 57% good-to-excellent. Accelerated harvest progress, now at 13% complete, continues to pressure prices alongside bearish sentiment across the broader agricultural and livestock complexes.
Corn prices are under pressure due to faster-than-expected harvest progress and improved crop condition ratings, which signal a robust supply outlook.
As of September 20, 58% of the US corn crop was mature, with 13% of the total harvest already completed, exceeding the 11% average pace.