Neutral
Corn futures retreat from 18-month high but eye second weekly gain
Corn futures experienced a slight decline on Friday, August 22, 2026, after reaching an 18-month high earlier in the week. Despite this pullback, the market is poised for a second consecutive weekly gain, supported by expectations of reduced U.S. corn output.
Key points
- Corn futures closed at $5.00-1/2 per bushel on August 22, down 0.6% from the previous session.
- The market is closely monitoring reports from the Pro Farmer field tour, which have influenced price movements.
- Despite the recent price retreat, corn futures are on track for a second consecutive weekly gain, indicating underlying market strength.
Sources
AI-generated from public news sources. Not financial advice.
