Bullish
Corn prices surge to three-year highs amid tight U.S. supply and global demand.
Corn futures have reached their highest levels in over three years, driven by concerns over reduced U.S. production and strong global demand. The Pro Farmer Crop Tour estimated the 2026 U.S. corn yield at 173.2 bushels per acre, below the USDA's forecast of 180.7 bushels. Additionally, the USDA reported a decline in the share of corn rated good-to-excellent, falling three percentage points to 57% for the week ending August 23. These factors, combined with robust export sales, have propelled corn prices higher.
Key points
- Corn futures hit a session high of 541.25 cents per bushel, the highest since July 28, 2023.
- The Pro Farmer Crop Tour estimated the 2026 U.S. corn yield at 173.2 bushels per acre, below the USDA's forecast of 180.7 bushels.
- The USDA reported a decline in the share of corn rated good-to-excellent, falling three percentage points to 57% for the week ending August 23.
- Strong export sales have contributed to the surge in corn prices.
Sources
AI-generated from public news sources. Not financial advice.
