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Corn futures held above $4.50 a bushel, near their highest since late May. Dry weather in parts of the US Midwest, Black Sea export concerns, and Middle East disruption to fertilizer shipments through Hormuz all supported prices.
Higher crude oil also improved the outlook for ethanol demand.
Corn is supported by weather-related yield risk and firmer energy prices, which lift ethanol demand. Feed buyers should expect continued upward pressure on corn costs while the weather risk persists.
tradingeconomics.comJoshua FerrerJul 29, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
