Corn futures fell to around $4.6 per bushel, but remained near one-year highs, as elevated fertilizer and energy costs driven by the prolonged Middle East conflict increased pressure on production. Oil prices remained sharply high despite signs of de-escalation in the conflict, as the Strait of Hormuz remained disrupted due to a US blockade. Higher input costs, including fertilizers, chemicals and diesel for irrigation, are squeezing margins and threatening yields for the nutrient-intensive crop. In response, farmers in key regions from the US to Europe are reducing corn acreage and shifting to less input-heavy crops to manage costs. Prices were also supported by strong export demand, including fresh South Korean purchases, and wet conditions across parts of the US corn belt. The USDA reported US corn planting at 25% complete, ahead of expectations and above the five-year average, though upcoming Midwest storms could slow progress in some areas.
Corn fell to 460.52 USd/BU on May 6, 2026, down 1.07% from the previous day. Over the past month, Corn's price has risen 2.57%, and is up 4.43% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Corn reached an all time high of 843.75 in August of 2012. Corn - data, forecasts, historical chart - was last updated on May 6 of 2026.
Corn fell to 460.52 USd/BU on May 6, 2026, down 1.07% from the previous day. Over the past month, Corn's price has risen 2.57%, and is up 4.43% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Corn is expected to trade at 473.10 USd/BU by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 498.55 in 12 months time.