Corn market drops as supply outweighs demand, futures hit low of $4.21

From Yahoo Finance: 2025-06-25 11:29:00

The corn market experienced a significant drop as the December 2025 issue hit a new contract low. Commercial sellers are more at ease with expected supplies compared to demand. The US dollar index bounced back, and the Fed fund futures forward curve suggests no rate hike until possibly September.

Dec25 corn futures plummeted after an initial rally, hitting a low of $4.21. Weather factors have led to increased expected supplies, pushing prices down. Weekly stochastics show oversold levels, indicating a potential test at the $3.80 mark.

Despite a net-short futures position by funds, Dec25 is priced at $4.21, placing it in the lower 24% of its price range. Long-term theoretical positions suggest short futures at a higher price, with room to add to holdings. Darin Newsom does not hold any positions in mentioned securities.



Read more at Yahoo Finance: Have the Wheels Fallen Off the Corn Market?