Corn Jumps as Heat Wave Hits French Crops

2026-07-06 06:29 By Joshua Ferrer 1 min. read

Corn futures surged to a fresh one-month high of $4.4 per bushel, after an intense heat wave damaged crops in France, one of the European Union's largest corn producers.

FranceAgriMer reported deteriorating crop conditions after preliminary estimates indicated that extreme heat may have damaged nearly one-third of the country's corn crop, fueling expectations of tighter global supplies.

Traders also monitored hotter temperatures across parts of the US, where any further deterioration in crop conditions could add to supply risks.

Last week, the USDA estimated June 1 corn stocks at 5.295 billion bushels, below expectations, and projected planted acreage at 95.343 million acres, down from 2025.

Markets now closely watch US-China trade developments after both countries agreed to include agricultural products in a reciprocal tariff reduction framework, boosting optimism for future US exports as Chinese buyers typically begin booking new-crop supplies from August.



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