Corn futures rose amid anticipation of production data

Chicago Board of Trade (CBOT) corn futures rose Monday, as traders awaited the launch of the Pro Farmer Crop Round this week, which is expected to provide additional data on corn and soybean crop yields. Last week, the US Department of Agriculture (USDA) lowered its official corn yield forecast, prompting traders to search for new field data to assess crop conditions. The corn contract rose

for December on the Chicago Stock Exchange at about 1.75 cents to $4.85 per bushel. Monitoring crops in the United States and Brazil. The “Pro Farmer” tour takes place from August 17 to 20, with the participation of more than 100 scouts examining more than 2,000 corn and soybean fields in seven American states, with the aim of providing independent estimates of the crop’s size and productivity before the harvest season. In Brazil, farmers in the central and southern regions harvested 85% of the crop

The second corn production rate for 2026 as of Thursday, according to agricultural consulting firm Agricultural, compared to 79% the previous week and 94% during the same period last year. Commodity Weather Group also expects heavy rains to continue in the American Midwest throughout this week, making weather developments and the results of the field trip among the most important factors affecting the movement of corn prices in the coming days.

Prices rose

Gold on Monday, supported by a decline in the dollar and waning expectations about the US Federal Reserve raising interest rates.

Experts warned this week that the caves where the US stores its strategic petroleum reserves could be damaged by the rapid drawdown of stockpiles in response to the war with Iran, with reserves reaching their lowest level in four decades.

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