“Corn futures continue to drift lower. Bearish supply market has seen additional 2025 US supplies offering resistance. USDA estimates World corn crop at 1,263 mmt versus 1,225 this past year. USDA estimates US crop at 398 mmt versus 377 this past year. One group estimated US crop closer to 414 mmt. Another estimated the crop at 410 mmt. USDA also estimates US corn exports at 68 mmt versus 69 mmt this year. Some fear that US exports could drop to 61 mmt, At the same time, current estimates of Brazil and Argentina corn crop will be up 15 mmt versus last year. USDA estimates 25/26 World corn end stocks at 272 mmt vs 284 this year. Above estimates suggest end stocks could grow 23 mmt,” according to Steve Freed with ADM Investor Services.