Corn futures tumble as sunny U.S. weather outlook for crops outweighs Middle East turmoil
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 23 2025
0mins
Source: SeekingAlpha
Corn Futures Decline: U.S. corn futures dropped sharply due to favorable weather conditions for crop development, closing at $4.18 1/2 per bushel, the lowest since October, while wheat and soybean prices also fell.
Market Trends: Fund traders increased their net short positions in corn, indicating a bearish outlook as prices continue to decline, with concerns that they may fall below $4 for the first time since late August.
Analyst Views on CORN
Wall Street analysts forecast CORN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CORN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 17.190
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Current: 17.190
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
