Corn Market

   Corn prices are trading higher this Wednesday on the Chicago exchange, attempting to recover after two consecutive sessions of decline. This upward movement is supported by rising oil prices, which remain pressured by the military conflict involving the U.S., Israel, and Iran.

The market is also processing the monthly report from the U.S. Department of Agriculture (USDA), released yesterday (10). Globally, the figures were positive: both world corn production and reserves were revised upwards, even exceeding analysts' expectations. For the United States, however, the report brought no new developments, maintaining all projections at the same level as the previous month. This disappointed a segment of the market that had anticipated an increase in U.S. inventories.

In yesterday's session, the grain had closed lower, as investors capitalized on profits accumulated in previous weeks. The prospect of a peace agreement in the Middle East also weighed on the market; if confirmed, such an agreement would mitigate rising oil prices, thereby reducing interest in corn designated for fuel production.

SOURCE: Safras & Mercado, 03/11/2026