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July corn fell 9.5 cents to a new contract low of $4.19 1/4 amid broad risk-off sentiment after a US military strike on Iranian nuclear facilities. Midwest heat raised crop stress in dry areas, with rain forecast for the driest states.
Brazil's center-south safrinha harvest was 13% complete, behind last year's pace.
Geopolitical risk-off selling and Midwest weather concerns pushed corn lower, while Brazil's record crop and slow harvest pace shape global export competition.
profarmer.comPro Farmer EditorsJun 23, 2025After 87 past bearish geopolitics events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +2.1%), and +0.3% over 20.
After 656 past bullish geopolitics events, BRENT moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
