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CBOT corn ends lower on ample supplies; Iran conflict eyed

ReutersApr 7, 2026 8:13 PM

CHICAGO, April 7 (Reuters) - Chicago Board of Trade corn futures closed lower on Tuesday on technical selling and concern about plentiful U.S. and global grain supplies while brokers monitored crude oil prices amid a standoff between the U.S. and Iran over the Strait of Hormuz.

CBOT May corn CK26 settled down 5 cents at $4.49 per bushel.
CBOT new-crop December corn CZ26 ended down 5 cents at $4.78 a bushel.
Price moves were moderate as investors awaited Iran war developments.
Planting is under way in southern fringes of the U.S. crop belt. The U.S. Department of Agriculture late on Monday said the national corn crop was 3% seeded, ahead of the five-year average of 2%.
Market players also await the USDA's next monthly supply/demand report on Thursday. Analysts surveyed by Reuters on average expected few changes to the government's projections of U.S. and global corn year-end inventories.

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