Bullish
Corn futures hit highest level since July 2023 amid supply concerns.
Corn futures have surged to their highest levels since July 2023, closing at $5.365 per bushel on August 28, 2026. This rally is driven by tightening U.S. supply expectations and strong demand, with constrained Ukrainian exports adding pressure to global supplies.
Key points
- U.S. Department of Agriculture's August report lowered corn yield estimates, indicating tighter supplies.
- Disruptions to Black Sea grain exports due to escalating Russia-Ukraine tensions have reduced global corn availability.
- The Teucrium Corn Fund (CORN) closed at $19.95 on August 29, 2026, with an intraday high of $20.09 and low of $19.79.
Sources
AI-generated from public news sources. Not financial advice.
