Corn · CORN Daily Market Briefing

Bullish

Corn futures surge to $5.00/bushel amid mixed U.S. crop yield reports

Corn futures have risen to $5.00 per bushel, the highest level in 18 months, driven by concerns over U.S. crop yields. Reports from the Pro Farmer Crop Tour indicate mixed yield prospects across the Midwest, with some regions showing declines from last year. Additionally, export sales have been strong, with commitments reaching 1.05 million metric tons for the week ending August 13.

Key points

  • Corn futures hit $5.00/bushel, the highest since February 2025, amid yield concerns.
  • Pro Farmer Crop Tour reports mixed yield prospects across U.S. Midwest.
  • U.S. corn export sales strong, with 1.05 million metric tons committed for the week ending August 13.

Sources

AI-generated from public news sources. Not financial advice.

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