Corn Hovers Near 3-Year High

2026-09-11 02:40 By Joshua Ferrer 1 min. read

Corn futures hovered above $5.1 per bushel, near their highest since mid-2023, supported by tightening global supply as disruptions to Ukrainian exports reshape trade flows.

Argentina is on track for record corn exports as buyers turn to its supplies following disruptions to Ukrainian shipments caused by Russian attacks on Black Sea ports.

Argentina is expected to ship around 10 million metric tons in August and September, more than triple its typical volume for the period, supported by a record 71.7 million-ton harvest.

Traders now await Friday’s USDA supply-and-demand report for changes to US corn production, yields and ending stocks, which could provide further direction for prices.

The USDA’s latest assessment showed that 56% of the corn crop was rated good to excellent, down from 57% a week earlier.

Meanwhile, a planned meeting between Presidents Trump and Xi later this month is also raising hopes for progress on agricultural trade and potentially lower tariffs on US farm goods.



News Stream
Corn Hovers Near 3-Year High
Corn futures hovered above $5.1 per bushel, near their highest since mid-2023, supported by tightening global supply as disruptions to Ukrainian exports reshape trade flows. Argentina is on track for record corn exports as buyers turn to its supplies following disruptions to Ukrainian shipments caused by Russian attacks on Black Sea ports. Argentina is expected to ship around 10 million metric tons in August and September, more than triple its typical volume for the period, supported by a record 71.7 million-ton harvest. Traders now await Friday’s USDA supply-and-demand report for changes to US corn production, yields and ending stocks, which could provide further direction for prices. The USDA’s latest assessment showed that 56% of the corn crop was rated good to excellent, down from 57% a week earlier. Meanwhile, a planned meeting between Presidents Trump and Xi later this month is also raising hopes for progress on agricultural trade and potentially lower tariffs on US farm goods.
2026-09-11
Corn Retreats Ahead of USDA Report
Corn futures fell below $5.10 per bushel, pulling back from an over three-year high of $5.21 hit on September 1, as traders adjusted positions ahead of Friday’s widely anticipated USDA supply-and-demand report. The decline came despite expectations for weaker US yields, which have continued to provide a floor for prices. Commodity brokerage StoneX lowered its estimate of the average US 2026 corn yield to 182.9 bushels per acre from 184.8 in its previous monthly forecast, raising concerns over tighter supplies. Meanwhile, warmer and drier weather across the US Midwest in the coming weeks is expected to limit harvest delays and reduce frost risks, potentially allowing fieldwork to progress quickly. The USDA reported that 5% of the US corn crop had been harvested as of last Friday, while 56% was rated good to excellent. Traders are also watching risks to Black Sea grain exports as the ongoing Russia-Ukraine war threatens to disrupt supplies and tighten global grain markets.
2026-09-09
Corn Trades Near 3-Year High
Corn futures traded above $5.10 per bushel, near their highest level in more than three years, as concerns over disruptions to Black Sea grain exports added support ahead of the region’s peak corn export season. The peak export window for Black Sea corn begins in October, raising concerns over global supplies as attacks continue to disrupt shipments from Ukraine and Russia. Ukraine accounts for roughly 10-11% of global corn exports, making prolonged disruptions a potential source of tighter supply. Meanwhile, the latest USDA weekly report showed a net reduction of 829,600 metric tons in US corn sales for the 2025/26 marketing year in the week ended August 27, although accumulated exports reached 85.06 million tons, up from 83.49 million a week earlier. Traders are also monitoring US crop prospects ahead of the harvest and await USDA’s updated crop estimates on September 11.
2026-09-04