Bullish
Corn prices rebound to $4.76 per bushel amid declining U.S. crop ratings
Corn futures rose to $4.76 per bushel on July 28, 2026, recovering from previous losses. This uptick was driven by a U.S. government report indicating lower crop ratings due to hot and dry weather conditions. However, the rally was tempered by a sharp decline in crude oil prices, which dampened the outlook for ethanol demand.
Key points
- U.S. government report lowers corn crop ratings amid heat and drought.
- Crude oil prices drop, weakening ethanol demand outlook.
- Efforts to maintain grain shipments through Ukrainian ports ease export concerns.
Sources
AI-generated from public news sources. Not financial advice.
