Corn futures hit multiyear highs
Corn futures rose to their highest level in over three years, driven by tighter U.S. supply expectations following a USDA WASDE report that cut yield forecasts more than anticipated, along with continued disruptions to Ukrainian grain exports constraining global supply. Extreme July heat and excessive rainfall across the U.S. Corn Belt further pressured crop outlooks, while European drought reduced regional production and boosted import demand, reinforcing the upward price momentum.









































