empty
 
 

31.03.202611:43:32UTC+00Corn Retreats Ahead of USDA Planting Report

Corn futures slipped to $4.50 per bushel, retreating from recent 10‑month highs as traders squared positions ahead of a key USDA planting outlook report due later today. The USDA’s Prospective Plantings report, scheduled for release on Tuesday, is expected to capture shifts in U.S. farmers’ seeding plans linked to the conflict in Iran, with analysts projecting a reduction in corn acreage this season amid rising fertilizer and fuel costs.

Market volatility was further underpinned by elevated oil prices, following reports of intensified strikes on regional energy infrastructure and speculation that President Donald Trump could halt U.S. military operations in Iran, even if the Strait of Hormuz remains closed.

On the demand side, the USDA confirmed export sales of 145,000 metric tons of U.S. corn to unknown destinations for the 2025/26 marketing year. In addition, U.S. corn export inspections for the week ending March 26 reached 1,789,524 bushels, topping trader expectations.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback