Corn Hits Fresh 1-Month Low

Corn futures fell to around $4.4 per bushel, reaching a fresh four-week low as easing concerns over fertilizer supply and improving prospects for trade flows weighed on prices. A two-week ceasefire in the Middle East war helped ease fears of prolonged supply disruptions, following weeks of constrained flows through the Strait of Hormuz that had disrupted fuel and fertilizer shipments critical to agricultural production. A sharp drop in crude oil prices also weighed on corn, which is closely linked to energy markets through ethanol demand. Since the start of the Iran conflict, rising energy costs have been a key concern for farmers, forcing them to reassess planting strategies and potentially reduce input usage, which could raise the risk of lower yields ahead. The USDA indicated that growers plan to scale back corn plantings to about 95.3 million acres in 2026, down from nearly 99 million last year, as elevated fertilizer costs make corn less attractive compared to soybeans.

Corn decreased to 448.25 USd/BU, the lowest since March 2026. Over the past 4 weeks, Corn gained 2.55%, and in the last 12 months, it decreased 4.34%.

Corn futures fell below $4.5 per bushel, hitting a four-week low as easing concerns over fertilizer supply and improving prospects for trade flows weighed on prices. Hopes that disruptions linked to tensions around the Strait of Hormuz could ease have softened input cost fears, though the broader conflict continues to cloud the outlook by keeping fertilizer and fuel prices elevated. This has forced farmers to reassess planting strategies, potentially reducing input usage and raising risks of lower yields ahead. The USDA signaled that growers intend to scale back corn plantings to about 95.3 million acres in 2026, down from nearly 99 million last year, as high fertilizer costs make corn less attractive compared to soybeans. Analysts warn acreage could be revised even lower as the full impact of the conflict filters through. Ample inventories also continue to cap prices, with US corn stocks rising to roughly 9 billion bushels as of March 1, reflecting strong supplies from prior harvests.