Corn Futures Soar Past $5 on Supply Concerns
U.S. corn futures broke through the $5 per bushel barrier for the first time since February 2025, driven by weaker-than-expected data from the Pro Farmer Midwest Crop Tour.
The tour, which covered western Iowa and Illinois, revealed concerns about global supply, further pushing up prices.
Corn futures have been on a steady climb in recent months, and this latest development is likely to keep upward pressure on prices.