Corn Extends Fall to 9-Month Low

2026-06-15 01:58 By Joshua Ferrer 1 min. read

Corn futures dropped further below $4.1 per bushel, reaching their lowest level since early September 2025, after a tentative US-Iran peace agreement triggered a sharp decline in oil prices.

Oil prices fell after US President Donald Trump and Iran’s deputy foreign minister said a deal had been reached to halt hostilities and resume traffic through the Strait of Hormuz.

Agricultural goods often track crude oil prices due to their link to biofuel demand from grains and oilseeds.

Favourable US crop weather and higher South American production forecasts added further pressure on prices.

Last week, the USDA raised its forecasts for corn output in Argentina and Brazil, projecting 61 million metric tons and 138 million tons respectively.

The USDA also lifted its estimate for global corn inventories at the end of 2026/27 to above trade expectations.

Weak Chinese demand for US agricultural exports has further weighed on sentiment despite earlier expectations of large-scale purchases.



News Stream
Corn Extends Fall to 9-Month Low
Corn futures dropped further below $4.1 per bushel, reaching their lowest level since early September 2025, after a tentative US-Iran peace agreement triggered a sharp decline in oil prices. Oil prices fell after US President Donald Trump and Iran’s deputy foreign minister said a deal had been reached to halt hostilities and resume traffic through the Strait of Hormuz. Agricultural goods often track crude oil prices due to their link to biofuel demand from grains and oilseeds. Favourable US crop weather and higher South American production forecasts added further pressure on prices. Last week, the USDA raised its forecasts for corn output in Argentina and Brazil, projecting 61 million metric tons and 138 million tons respectively. The USDA also lifted its estimate for global corn inventories at the end of 2026/27 to above trade expectations. Weak Chinese demand for US agricultural exports has further weighed on sentiment despite earlier expectations of large-scale purchases.
2026-06-15
Corn Hits 34-week Low
Corn decreased to 410.25 USd/BU, the lowest since October 2025. Over the past 4 weeks, Corn lost 13.99%, and in the last 12 months, it decreased 5.63%.
2026-06-15
Corn Slides to 8-Month Low
Corn futures sank below $4.17 per bushel, hitting their lowest level since October 2025, as favourable weather conditions and a lack of renewed Chinese demand for US supplies weighed on prices. US exporters have been disappointed that no sizeable new corn purchases from China have been reported so far, despite political signals in mid-May that suggested larger Chinese agricultural imports. This shortfall in expected Chinese buying removes an important potential demand boost just as global export availability is set to rise. US corn planting is nearly complete, at about 93% as of late May, with weather conditions remaining supportive for early vegetative growth. Forecasts for above-normal rainfall across much of the US Midwest over the next two weeks are expected to support germination and crop development for recently planted corn. Meanwhile, higher crude oil prices amid rising tensions in the Middle East have offered some support, given corn’s role in biofuel production.
2026-06-08