Tidbits, Q&A: Natural Gas and Fertilizer, Corn Market Situation, FOB 4/6/26
- Wright team
- 21 hours ago
- 6 min read
Corn Market Summary
Corn, wheat, and soybean futures usually trade to their highest price of the year between late April and late June.
Every Wednesday we send you an email entitled Weekly Summary & Recommendations (link in the section below) in which we discuss the technical outlook, fundamental outlook, seasonal price trend, and profitability of the current price. Given the new information from the USDA with 2026 acres, the quarterly stocks information and the latest weather and political situations, we will summarize the outlook as we head into the traditionally best three months to be pricing corn, wheat, and soybeans.
Fundamentals:
Most of the chatter since the 31 March reports has been about 2026 corn acres were about 850,000 more than expected. There were few comments that 2026 corn acres are projected to be 3.8 million less than last year. Even fewer comments were made that the corn inventory on 1 March was 65 million less than the market calculated. That means we either fed more corn than estimated or the 2025 yields were about three-fourths of bushel less than USDA reported.
Planted acres will change between now and the end of June and again in August when FSA reports certify crop acres. But the available supply of old crop bushels will not change. Corn exports were record large last year and they are much stronger this year:
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