New trade deals did not support the US corn market

AgMarket.net co-founder Matt Bennett says that recently announced trade frameworks have so far done little to support the U.S. corn market. He noted that corn prices remain stagnant, with the market “chopping around” without a clear direction. “Corn has been a reluctant follower of soybeans, and without further gains in the soybean market, it will be difficult for corn to rally,” Bennett told Brownfield.

According to him, farmers may need to look beyond the large 2025 corn crop for better price opportunities. “If the soybean market stays strong, it’s likely to spill over into corn sooner or later. That movement could be driven more by the 2026 market rather than the old crop, since there are still plenty of bushels available even if this year’s crop is slightly smaller,” he explained.

Bennett added that high production costs and growing soybean demand could lead to a reduction in U.S. corn acreage next year. This, in turn, could provide long-term price support for the corn market.

Tags: corn, prices, USA