Corn Oversupply Hits Record Highs While Basis Stays Strong in the Eastern Belt copertina

Corn Oversupply Hits Record Highs While Basis Stays Strong in the Eastern Belt

Corn Oversupply Hits Record Highs While Basis Stays Strong in the Eastern Belt

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This is your Daily Corn Price Tracker with Vanessa Clark podcast.

Hey friends, welcome back to Daily Corn Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest on corn prices, that big USDA report shaking things up, and what it means for you whether you're farming, trading, or just keeping an eye on commodity markets.

Right now, the March 2026 corn futures are sitting at about 4.25 dollars per bushel, up a touch from last week according to the Grain Farmers of Ontario market trends report and Trading Economics data through January 18. That's after a wild ride from the USDA's January report, which cranked up US corn production to a record 17.02 billion bushels with yields hitting 186.5 bushels per acre and harvested acres jumping to 91.3 million. No wonder nearby futures dropped 24 cents that day, pushing old crop carryover to 1.551 billion bushels and new crop ending stocks to 2.227 billion. Oversupply is weighing heavy, with record inventories as of December 1, but demand from biofuels and exports to China at 12 million metric tons could offer some lift.

Basis levels are steady to stronger in the Eastern Corn Belt, like in Indiana and Ohio where they're above three-year averages, per NAFB reports. That's good news if you're selling local. Keep an eye on Brazil's Safrinha crop and US weather, though, droughts in spots could flip the script fast.

Here's your takeaway: If you're holding corn, consider locking in some sales now with these low prices, or watch for seasonal peaks around early June. Cheap feed like this keeps dairy and livestock profitable, but it caps upside short-term. Stay nimble, folks.

Thanks for tuning in to Daily Corn Price Tracker. Subscribe, share with a friend, and we'll catch you next time for more corn market updates. Take care!

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