Corn Market

   Corn prices are trading higher this Wednesday on the Chicago Board of Trade, attempting to rebound after two consecutive sessions of declines. The rally is being driven by rising oil prices, which remain under pressure due to the military conflict between the U.S., Israel, and Iran.

The market is also digesting the monthly report from the U.S. Department of Agriculture (USDA), released yesterday (the 10th). On the global front, the figures were positive: both global corn production and stocks were revised upward, even exceeding analysts’ expectations. As for the United States, however, the report brought no new developments, keeping all projections at the same level as the previous month. This frustrated part of the market, which had expected an increase in U.S. stocks.

In yesterday’s session, corn prices closed lower, as investors took the opportunity to cash in on profits accumulated in previous weeks. Another factor weighing on prices was the possibility of a peace agreement in the Middle East, which, if confirmed, would curb the rise in oil prices and, consequently, reduce demand for corn used in biofuel production.

SOURCE: Safras & Mercado, March 11, 2026