Corn Drops Most Since 2023 as USDA Unexpectedly Raises US Yield

A combine harvester cuts rows of corn during a harvest in Dockery, Mississippi.Photographer: Alan Chin/Bloomberg

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By Michael Hirtzer and Erin Ailworth

January 12, 2026 at 5:21 PM UTC

Updated on

January 12, 2026 at 7:04 PM UTC

Corn futures fell by the most since June 2023 after the US Department of Agriculture raised its outlook for American supplies when analysts were expecting a cut.

The agency in its monthly supply and demand report boosted the average corn yield and production to fresh records while quarterly and end-of-season stocks also came in bigger than anticipated.