# Corn Futures Test 475'0 After USDA Yield Shock

> Corn futures hit 475'0 after USDA raised 2026/27 U.S. corn yield by 2.7 bushels.
- Title: Corn Futures Test 475'0 After USDA Yield Shock · TradingView
- Summary: Corn futures hit 475'0 after USDA raised 2026/27 U.S. corn yield by 2.7 bushels. Corn futures tested 475'0 following USDA's higher corn yield estimate, with…
- Keywords: corn futures, usda, wase, corn yield, corn trading, cbot, futures market, agriculture, business, finance, Corn, Futures
- Source: TradingView — https://tradingview.com/chart/ZC1!/vdvcHb2O-Corn-Futures-ZC-Test-475-0-After-USDA-Yield-Shock-What-Next
- Published: 2026-10-19T12:22:54+00:00
- Read time: 1 min
- Topics: corn futures, usda, wase, corn yield, corn trading, cbot, futures market, agriculture, business, finance
## USDA Yield Report
USDA raised 2026/27 U.S. corn yield by 2.7 bushels to 181.2 bushels per acre.

> USDA raised the 2026/27 U.S. corn yield by 2.7 bushels to 181.2 bushels per acre
## Market Reaction
December corn closed at 474'2, briefly trading limit-down after USDA report.

> December corn (ZC) closed at 474'2, in the vicinity of 475'0
## Positioning Shift
Managed money net long 376,513 corn futures contracts as of August 25.

> As of August 25, the CFTC showed managed money with a net long of 376,513 contracts in corn futures and options
## Price Decline
December corn down 11.6% from August 28 settlement of 536'4.

> December corn is down about 11.6% from its August 28 settlement of 536'4
## Consolidation Range
Corn traded sideways between 515'0 and 475'0 since July 2025.

> Corn has largely traded in a sideways consolidation range between 515'0 and 475'0 since July 2025
## Key Levels
475'0 is the low of consolidation range and daily level 2.

> 475'0 (Daily level 2 / Jul VAH) is also the low of the consolidation range
## Bullish Scenario
Buyers accept above 502'0 to move up to 515'0 then 527'5.

> If buyers accept above 502'0 (current month’s developing upper HVN / VPOC), a possible move up to 515'0 (Daily level 1 / May VAH) could follow
## Bearish Scenario
Sellers hold below 491'0 to move down to 456'0 then 440'0.

> If sellers hold below 491'0 (October’s developing LVN), or if buyers are unable to hold 475'0, a possible move down to the 456'0 area (Jul VAL) could develop
## Key takeaway

Corn futures tested 475'0 following USDA's higher corn yield estimate, with market reactions pending November WASDE report.