US Corn Prices Soar Above $5 as Global Grain Supplies Tighten

U.S. grain markets surged on August 20, 2026, as December corn futures broke back above $5 per bushel.

The rally was driven by disappointing Midwest crop-tour results and drought damage in Europe and restricted Ukrainian grain shipments, which added to global supply risk.

For U.S. producers, tighter yields and disrupted overseas supplies could strengthen commodity prices and create additional export demand.

December corn climbed 6.25 cents to $5.0425 per bushel in late overnight trade after touching $5.0450, its highest intraday level since mid-May.