Corn Falls from Multi-Week Highs

2026-07-30 02:36 By Joshua Ferrer 1 min. read

Corn futures fell below $4.5 per bushel, easing from a recent nine-week high reached on July 24 as favorable weather forecasts across the US Midwest eased concerns over production risks.

Forecasts call for ample rainfall and milder temperatures near the end of the week, improving yield prospects after recent heat concerns.

The favorable outlook reinforced expectations for another large US harvest, weighing on prices.

Still, losses were limited by firm ethanol demand as elevated crude oil prices amid the Middle East conflict continued to support biofuel production.

Ongoing Russia-Ukraine tensions also underpinned grain markets, with attacks on Black Sea ports and grain infrastructure threatening export flows.

Meanwhile, the longer-term outlook remained supported by a tighter global corn balance, with the USDA projecting world corn consumption to exceed production for a second straight season, leaving the market more vulnerable to weather disruptions and export disruptions.



News Stream
Corn Falls from Multi-Week Highs
Corn futures fell below $4.5 per bushel, easing from a recent nine-week high reached on July 24 as favorable weather forecasts across the US Midwest eased concerns over production risks. Forecasts call for ample rainfall and milder temperatures near the end of the week, improving yield prospects after recent heat concerns. The favorable outlook reinforced expectations for another large US harvest, weighing on prices. Still, losses were limited by firm ethanol demand as elevated crude oil prices amid the Middle East conflict continued to support biofuel production. Ongoing Russia-Ukraine tensions also underpinned grain markets, with attacks on Black Sea ports and grain infrastructure threatening export flows. Meanwhile, the longer-term outlook remained supported by a tighter global corn balance, with the USDA projecting world corn consumption to exceed production for a second straight season, leaving the market more vulnerable to weather disruptions and export disruptions.
2026-07-30
Corn Holds Near Multi-Week Highs
Corn futures held above $4.5 per bushel, staying near their highest level since late May as geopolitical disruptions raised concerns over global supplies, while persistent dry weather in parts of the US Midwest threatened yields. The USDA said that 63% of the country's corn crop was rated good-to-excellent, down from 67% a week earlier and below market expectations. Meanwhile, continued attacks between Russia and Ukraine raised concerns over Black Sea grain exports, with damage to port infrastructure and shipping routes threatening supplies from one of the world's key exporting regions. Additionally, renewed fighting in the Middle East constrained fertilizer shipments through the Strait of Hormuz and pushed crude oil prices higher. Higher energy prices supported corn by improving the outlook for ethanol demand. The market also remained underpinned by the USDA's latest WASDE report, which cut 2026/27 US ending stocks more than expected while raising export forecasts.
2026-07-29
Corn Falls from 5-Week High
Corn fell toward $4.50 per bushel, moving further away from the five-week high of $4.64 reached on July 24, pressured by a sharp decline in crude oil prices after the US and Iran paused military strikes over the weekend, raising hopes that diplomatic efforts could de-escalate tensions in the Middle East and restore shipping through the Strait of Hormuz. Lower energy prices reduced support for corn as falling crude weakened the outlook for ethanol demand. Meanwhile, improving weather across the US Corn Belt added further pressure, with temperatures expected to ease following the weekend's heat while rainfall is forecast to alleviate dryness and support crop development. Traders also monitored developments in the Black Sea, where efforts to maintain grain shipments through Ukrainian ports helped ease concerns over export disruptions.
2026-07-27