European corn hits fresh two-year high on supply risks
Updated
Updated · Bloomberg · May 5
European corn hits fresh two-year high on supply risks
10 articles · Updated · Bloomberg · May 5
Paris corn futures rose as much as 1.2% on Tuesday to their highest level since June 2024, while Chicago corn briefly reached its highest intraday level since April 2025.
The gains were driven by weather concerns and expectations that the Strait of Hormuz closure will raise farm input costs, threatening supplies outside the United States.
Chicago prices later edged lower after extending Monday's 1.2% advance, but strong export demand and supply worries kept corn futures near year highs.
With corn prices at multi-year highs, why are American farmers facing a historic bankruptcy crisis?
As record input costs make corn unprofitable, what will dominate America's heartland next?
How did a conflict in a single strait threaten to upend the entire global food supply?