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“CU ended near 3.99. USDA estimates World 24/25 corn crop at 1,225 mmt vs 1,230 the previous year. U.S. crop is estimated at 377 mmt vs 389 the previous year. Brazil crop is 132 mmt vs 119 in 23/24. Argentina 50 mmt vs 51. Ukraine 26.8 mmt vs 32.5. USDA estimates World 25/26 corn crop at 1,263 mmt. U.S. crop is estimated at 398 mmt. Brazil crop is 131 mmt. Argentina 53 mmt. Ukraine 30.5. USDA estimates World 25/26 corn end stocks at 272 mmt vs 284 in 24/25. CU is now below all key moving averages. Open interest continue to drop. Volume has also slowed. Some look for CZ to test 3.40 as harvest low as long as U.S. Midwest weather remains favorable,” according to Steve Freed with ADM Investor Services.