News Capsule: Iran-US Ceasefire May Push Corn Prices Lower
11-Apr-2026 01:28 PM
News Capsule: Iran-US Ceasefire May Push Corn Prices Lower
★ Corn prices are likely to decline in the near term after the Iran-US ceasefire reduced concerns over nitrogen fertilizer supply disruptions through the Strait of Hormuz. The easing geopolitical tension has weakened bullish sentiment in corn markets.
★ USDA has raised global corn ending stocks to 294.8 million tonnes, making the outlook more bearish. CBOT corn is currently trading at 442.69 cents per bushel, though higher crude oil prices may still support demand through ethanol production.