
Euronext corn rose about 4.2% over four sessions to around EUR 256.25/t, and German cash corn reached EUR 288/t, up from EUR 275/t. The rally reflects unresolved Black Sea export talks, while lower USDA U.S. corn output and El Niño forecasts for cool, wet weather in Argentina, Paraguay and southern Brazil add to the outlook.
Stalled Ukrainian grain exports keep European buyers paying a risk premium, and a smaller U.S. crop tightens global corn supply. Wet El Niño conditions in South America could affect planting and add to price support.
After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% 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.