Corn Futures Approach 1-Year High

2026-04-30 09:30 By Agna Gabriel 1 min. read

Corn futures advanced to $4.67 per bushel, moving close to a one-year peak of $4.7 reached on March 19, as rising fertilizer and energy costs driven by the Middle East conflict increased pressure on production.

Oil prices surged to a wartime high after reports that President Donald Trump is set to review new military options in Iran, raising the risk of further escalation.

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.



News Stream
Corn Futures Approach 1-Year High
Corn futures advanced to $4.67 per bushel, moving close to a one-year peak of $4.7 reached on March 19, as rising fertilizer and energy costs driven by the Middle East conflict increased pressure on production. Oil prices surged to a wartime high after reports that President Donald Trump is set to review new military options in Iran, raising the risk of further escalation. 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.
2026-04-30
Corn Hits 12-month High
Corn increased to 475.00 USd/BU, the highest since April 2025. Over the past 4 weeks, Corn gained 2.37%, and in the last 12 months, it decreased 0.15%.
2026-04-29
Corn Futures Rise to 6-Week High
Corn futures climbed to $4.62 per bushel, the highest in six weeks, supported by strong export demand and weather concerns in the US Midwest. Excess moisture across parts of the corn belt is complicating field conditions, even as early planting progresses. The USDA reported US corn planting at 25% complete, slightly ahead of expectations and above the five-year average, though upcoming Midwest storms could slow progress in some areas. Demand was also firm, with additional South Korean purchases reported. Prices gained further support from higher crude oil, as stalled efforts to end the Iran conflict and the effective closure of the Strait of Hormuz kept energy markets elevated, boosting biofuel-related demand for corn. In Europe, corn prices hit a six-week high as surging fertilizer costs linked to the conflict raise concerns over reduced planting. In France, the EU’s largest producer, acreage could fall by up to 15% as farmers cut input use or switch crops.
2026-04-28