Corn · CORN Daily Market Briefing

Bullish

Corn futures surge to $5.40 amid tight global supplies and strong biofuel demand.

Corn futures have risen to $5.40 per bushel, driven by tight global supplies and robust biofuel demand. The U.S. Department of Agriculture (USDA) projects a record U.S. corn crop of 17 billion bushels, with a yield of 186.5 bushels per acre. However, global demand, particularly from China, remains strong, supporting higher prices.

Key points

  • USDA projects record U.S. corn crop of 17 billion bushels.
  • Strong biofuel demand bolsters corn prices.
  • China's increased demand for feed grains supports global corn prices.

Sources

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

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