Corn futures stabilize amid Black Sea shipping risks and rising import demand.

Key points

• Black Sea security incidents, including drone attacks on corn-carrying vessels, have heightened shipping risks, potentially affecting global corn trade routes.
• Stronger import demand from countries like Nigeria and the Philippines is tightening the global corn balance, with rising feed needs influencing market dynamics.
• Despite these developments, corn futures on major exchanges such as Euronext and the Chicago Board of Trade have shown minimal day-on-day changes, indicating market consolidation.