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Corn Prices Reach Three-Year High as El Nino Disrupts Supply
(MENAFN) Corn futures climb to their highest level in three years as El Nino conditions, persistent dryness and geopolitical uncertainty linked to the Russia-Ukraine conflict raise concerns about global supplies.
Corn prices reach $5.2425 per bushel in international markets, marking their strongest level since July 2023, when the commodity previously traded at $5.2450.
The latest increase puts corn more than 11% above its level at the end of July and over 17% higher than its price at the end of December 2025. Prices later ease slightly and stabilize near $5.18 per bushel.
Weather-related concerns are playing a major role in the rally. Hot and dry conditions across parts of the United States are raising doubts about crop yields, while unfavorable weather in several European producing areas adds to concerns over agricultural output.
Expectations of reduced US production are contributing to fears of tighter supplies. At the same time, stronger US corn exports are providing additional support to prices.
The situation is further complicated by disruptions affecting Ukrainian grain shipments. Ongoing attacks between Russia and Ukraine on maritime routes have interrupted grain exports, increasing uncertainty surrounding the availability and delivery of crops to international markets.
The US Midwest also records a weaker-than-anticipated corn harvest, adding to pressure on global supply expectations.
With unfavorable weather threatening production and geopolitical tensions creating risks for grain transportation, markets face increasing vulnerability to additional supply disruptions.
High energy and fertilizer expenses further limit producers’ ability to absorb new shocks to the agricultural supply chain.
Corn prices reach $5.2425 per bushel in international markets, marking their strongest level since July 2023, when the commodity previously traded at $5.2450.
The latest increase puts corn more than 11% above its level at the end of July and over 17% higher than its price at the end of December 2025. Prices later ease slightly and stabilize near $5.18 per bushel.
Weather-related concerns are playing a major role in the rally. Hot and dry conditions across parts of the United States are raising doubts about crop yields, while unfavorable weather in several European producing areas adds to concerns over agricultural output.
Expectations of reduced US production are contributing to fears of tighter supplies. At the same time, stronger US corn exports are providing additional support to prices.
The situation is further complicated by disruptions affecting Ukrainian grain shipments. Ongoing attacks between Russia and Ukraine on maritime routes have interrupted grain exports, increasing uncertainty surrounding the availability and delivery of crops to international markets.
The US Midwest also records a weaker-than-anticipated corn harvest, adding to pressure on global supply expectations.
With unfavorable weather threatening production and geopolitical tensions creating risks for grain transportation, markets face increasing vulnerability to additional supply disruptions.
High energy and fertilizer expenses further limit producers’ ability to absorb new shocks to the agricultural supply chain.
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