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Corn Prices Slump Amid Weaker Oil and Record Harvest Projections

Guavy AI Editorial Team
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Oil Corn
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Corn prices have fallen to around $4.4 per bushel, easing from multi-week highs as weaker crude oil prices weighed on sentiment across agricultural markets.

The decline in oil prices has reduced support for biofuel-linked crops, which are often influenced by energy markets due to the growing use of crop-based feedstocks in biofuel production.

Brokerage StoneX projects the 2026 US corn harvest at 16.16 billion bushels, adding pressure on prices, while the USDA lowered its good-to-excellent rating for the US corn crop for a third consecutive week.

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