Corn Futures Retreat on Easing Oil Prices

2026-03-10 07:02 By Joshua Ferrer 1 min. read

Corn futures dropped to around $4.33 per bushel after surging to as high as $4.47 last week, as easing energy prices pressured the market.

Oil retreated sharply amid hopes that the conflict with Iran may conclude sooner than expected after comments from US President Trump suggesting the military operation is nearing its end and outlining plans to contain energy costs.

Grain markets often move alongside oil because crops are used in biofuel production, while higher energy prices also raise input costs such as fertilizer and transportation.

Traders also turned cautious ahead of the US Department of Agriculture’s upcoming WASDE report, which could revise projections for US corn inventories, export demand, and global supply.

Export demand has remained robust, with shipments for the 2025–26 marketing year reaching about 1.62 billion bushels, roughly 42% above last year’s pace, though uncertainty over crop forecasts and weather conditions has prompted investors to scale back positions.



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Corn Futures Retreat on Easing Oil Prices
Corn futures dropped to around $4.33 per bushel after surging to as high as $4.47 last week, as easing energy prices pressured the market. Oil retreated sharply amid hopes that the conflict with Iran may conclude sooner than expected after comments from US President Trump suggesting the military operation is nearing its end and outlining plans to contain energy costs. Grain markets often move alongside oil because crops are used in biofuel production, while higher energy prices also raise input costs such as fertilizer and transportation. Traders also turned cautious ahead of the US Department of Agriculture’s upcoming WASDE report, which could revise projections for US corn inventories, export demand, and global supply. Export demand has remained robust, with shipments for the 2025–26 marketing year reaching about 1.62 billion bushels, roughly 42% above last year’s pace, though uncertainty over crop forecasts and weather conditions has prompted investors to scale back positions.
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