Chicago Corn Futures Drop 1.3% as US-Iran Halt Attacks Shifts Focus to US Heat
Updated
Updated · Bloomberg · Jun 29
Chicago Corn Futures Drop 1.3% as US-Iran Halt Attacks Shifts Focus to US Heat
3 articles · Updated · Bloomberg · Jun 29
Summary
Chicago’s most-active corn futures fell as much as 1.3%, extending losses for a second straight session as geopolitical risk eased.
Washington and Tehran agreed to stop attacking each other before peace talks resume this week on the Strait of Hormuz and other issues, reducing one source of market tension.
Traders then turned back to US crop weather, monitoring hot conditions that could still threaten corn development and limit further price declines.