According to USDA’s weekly Crop Progress report, 94% of the US corn crop is in the silking stage, with 58% in the dough stage and 14% dented. Crop conditions dropped by 1 percentage point this week to 72% good/excellent, with the Brugler500 index at 383.

This morning’s Export Inspections report showed 1.492 MMT (58.74 million bushels) of corn shipped during the week ending August 8, up 16.13% from the previous week and 51.28% higher than the same week in 2024. Of that, 500,209 MT went to Mexico, 261,366 MT to Japan, and 198,072 MT to other destinations. Marketing year shipments so far are at 63.127 MMT (2.485 billion bushels), 28.98% above the same period last year.

Ahead of next week’s USDA Crop Production report, a Bloomberg survey pegs the average national yield estimate at 184.3 bpa, with a range between 181 and 189 bpa. Total production is expected at 15.995 billion bushels, 290 million bushels above last month’s WASDE figure. Old-crop corn stocks are estimated at 1.325 billion bushels, down 15 million from last month, while new-crop stocks are projected 240 million bushels higher at 1.9 billion.

APK-Inform raised its 2025 Ukraine corn crop forecast by 2.5 MMT to 27.5 MMT, while the country’s deputy economy minister increased it by 2 MMT to 28 MMT. AgRural reported that Brazil’s second corn crop harvest is 88% complete.