Bullish
Corn futures surge to $5.23½, a three-year high, amid declining U.S. crop conditions.
Corn futures have reached a three-year high, closing at $5.23½ per bushel, driven by deteriorating U.S. crop conditions and strong export demand. The Pro Farmer Crop Tour estimates the national corn yield at 173.2 bushels per acre, below the USDA's forecast of 180.7 bushels, indicating potential supply tightness. Additionally, U.S. corn export commitments are 24% above last year, exceeding the USDA's full-year projection.
Key points
- Pro Farmer Crop Tour estimates U.S. corn yield at 173.2 bushels per acre, below USDA's 180.7 bushels.
- U.S. corn export commitments are 24% above last year, exceeding USDA's full-year projection.
- El Niño and dry conditions contribute to global corn price surge to $5.2425 per bushel.
- Brazil's first corn crop planting at 2%, compared to 3.2% last year, with wet conditions slowing initial planting.
Sources
- Corn Futures Rally to 17-Month HighTrading Economics · August 25, 2026
- El Nino drives up corn futures to highest in 3 yearsAnadolu Agency · August 25, 2026
- Corn Futures Hit 3-Year High on Lower Crop EstimateMarketScreener Australia · August 25, 2026
- Crops Analysis | December corn posts contract high closePro Farmer · August 25, 2026
AI-generated from public news sources. Not financial advice.
