Corn ($CORN) Commodity Forecast: Up 1.1% Today

What is Corn?

Corn is a widely traded commodity used for food, animal feed, and biofuel production. Its price is influenced by factors such as weather conditions, global demand, and geopolitical events.

Why is Corn going up?

CORN commodity is up 1.1% on May 4, 2026 15:10

• Corn prices surged to a 4-week high due to strong export demand and weather concerns in the US Midwest, where excess moisture is affecting field conditions.
• The USDA's report of US corn planting progress slightly ahead of expectations and above the five-year average provided additional support to prices.
• The ongoing conflict in Iran and the closure of the Strait of Hormuz contributed to higher crude oil prices, boosting biofuel-related demand for corn and further pushing prices up.
• Rising fertilizer costs in Europe, linked to geopolitical tensions, raised concerns over reduced planting in countries like France, potentially leading to a decrease in corn acreage and supporting higher prices.

CORN Price Chart

CORN Technical Analysis

CORN News

Corn Hits 12-month High

Corn increased to 475.00 USd/BU, the highest since April 2025. Over the past 4 weeks, Corn gained 2.37%, and in the last 12 months, it decreased 0.15%.

Corn Futures Rise to 4-Week High

Corn futures climbed to $4.62 per bushel, the highest in one month, supported by strong export demand and weather concerns in the US Midwest. Excess moisture across parts of the corn belt is complicating field conditions, even as early planting progresses. The USDA reported US corn planting at 25% complete, slightly ahead of expectations and above the five-year average, though upcoming Midwest storms could slow progress in some areas. Demand was also firm, with additional South Korean purchases reported. Prices gained further support from higher crude oil, as stalled efforts to end the Iran conflict and the effective closure of the Strait of Hormuz kept energy markets elevated, boosting biofuel-related demand for corn. In Europe, corn prices hit a six-week high as surging fertilizer costs linked to the conflict raise concerns over reduced planting. In France, the EU’s largest producer, acreage could fall by up to 15% as farmers cut input use or switch crops.

Corn Hits 4-week High

Corn increased to 461.50 USd/BU, the highest since March 2026. Over the past 4 weeks, Corn gained 1.16%, and in the last 12 months, it increased 0.12%.

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Corn Price History

10.02.2026 - CORN Commodity was down 5.1%

• Corn futures reached a 9-month high recently due to escalating crude prices amid geopolitical tensions in the Middle East, causing supply constraints across agricultural markets.
• The surge in energy markets has pushed up production, freight, and fertilizer expenses, bolstering grain prices, particularly corn used in biofuel production.
• Traders have been closing out bearish positions in response to increasing geopolitical risks, fueling the recent uptick in corn prices.
• Despite the recent bullish trend, ample global grain reserves continue to confine the market, potentially limiting the scope for a sustained increase in corn prices.

13.00.2026 - CORN Commodity was down 5.3%

• The bearish movement in the corn market can be attributed to an increase in US production to a record level as per the latest data, resulting in an excess of supply.
• Global corn stocks, particularly in China, have also risen according to recent findings, reducing the necessity for import demand and pushing prices down.
• Favorable weather conditions in Argentina have eased worries about supply disruptions, further influencing the negative sentiment in the market.
• Overall, the surplus in supply, slow demand growth, and positive weather forecasts have led to a 5-week low in corn prices, indicating the prevailing bearish trend in the market.

12.00.2026 - CORN Commodity was down 3.9%

• Corn prices hit a 5-week low, signaling a bearish trend in the market.
• The continuous decrease in Corn prices over the past 4 weeks and the last 12 months indicates a long-term downward trend.
• The bearish movement could be attributed to factors such as oversupply, weakening demand, or unfavorable weather conditions affecting crop yields.

23.02.2026 - CORN Commodity was down 1.1%

• The recent surge in corn prices to a 46-week high was primarily driven by escalating tensions in the Middle East, leading to a surge in crude oil prices and subsequently boosting the biofuels complex.
• Airstrikes on Iranian energy infrastructure and the resulting increase in wholesale urea fertilizer prices added further pressure on corn prices.
• The potential shift in acreage from corn to soybeans due to rising nitrogen-heavy application costs could have contributed to the bearish movement as market participants adjust their positions in response to changing dynamics in the agricultural sector.

14.10.2025 - CORN Commodity was down 1.3%

• Corn prices faced a bearish movement as global supply outlook improved with South American countries like Brazil and Argentina expecting bumper crops, leading to increased competition in the market.
• Despite solid US exports and robust overseas demand, the expanding global supply overshadowed near-term consumption, resulting in a downward pressure on prices.
• Traders' anticipation of a report showing a smaller US crop and lower yields initially boosted prices, but the reality of ample supply and competitive offers from South America dampened market sentiment.
• The market's vulnerability to further cuts in US production or a resurgence in export momentum highlights the delicate balance between supply, demand, and geopolitical factors influencing corn prices.

04.04.2026 - CORN Commodity was up 1.1%

• Corn prices surged to a 4-week high due to strong export demand and weather concerns in the US Midwest, where excess moisture is affecting field conditions.
• The USDA's report of US corn planting progress slightly ahead of expectations and above the five-year average provided additional support to prices.
• The ongoing conflict in Iran and the closure of the Strait of Hormuz contributed to higher crude oil prices, boosting biofuel-related demand for corn and further pushing prices up.
• Rising fertilizer costs in Europe, linked to geopolitical tensions, raised concerns over reduced planting in countries like France, potentially leading to a decrease in corn acreage and supporting higher prices.