Corn Prices man

Corn prices averaged USD 452 cents per bushel in April, down 1.3% from March. On 30 April, the commodity traded at USD 465 cents per bushel, up 1.5% from 31 March.

In April, corn prices remained among the highest in the past 12 months on the ongoing U.S.-Iran war. Conflict-related spikes in prices for fuel and fertilizer—key inputs in grain production—have dented the supply outlook. Moreover, the continued rise in oil prices likely supported corn prices further by giving a boost to biofuel demand; corn is widely used in ethanol production. Additionally, expected storms in the U.S. Midwest further weighed on market sentiment due to the potential disruption of planting.