Bullish
Corn futures hit $5.36 per bushel amid U.S. yield concerns and Black Sea disruptions
Corn futures reached $5.36 per bushel, the highest since July 2023, driven by concerns over U.S. crop yields and disruptions in Black Sea grain exports. The Pro Farmer Crop Tour estimated the 2026 U.S. corn yield at 173.2 bushels per acre, below the USDA's forecast of 180.7 bushels. Additionally, escalating tensions in the Black Sea region have raised fears of continued export disruptions.
Key points
- Pro Farmer Crop Tour estimates 2026 U.S. corn yield at 173.2 bushels per acre, below USDA's 180.7 bushels.
- Black Sea tensions escalate, threatening grain export flows.
- Corn futures close at $5.36 per bushel, highest since July 2023.
Sources
AI-generated from public news sources. Not financial advice.
