{
  "id": 3567757,
  "title": "Corn and wheat futures reach multi-year highs on Wednesday",
  "url": "https://urgent.news/2026/08/26/corn-and-wheat-futures-reach-multi-year-highs-on-wednesday",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T18:31:05.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/commodities-news/corn-and-wheat-futures-reach-multiyear-highs-on-wednesday-93CH-4877737"
  },
  "original_language": "en",
  "account": "Corn and wheat futures soared to multi-year highs on Wednesday, driven by mounting concerns over U.S. corn yields and ongoing disruptions in grain exports from the Black Sea region, which fuel uncertainty about global supply. Soybean prices remained relatively stable, as gains from corn were partially offset by the decline in crude oil prices, leading to a drop in soyoil prices. The most-traded corn contract on the Chicago Board of Trade surged 0.8% to $5.27-3/4 per bushel, hitting its highest level since July 2023, just above Tuesday's three-year peak. CBOT wheat rose 1.5% to $713-1/2 per bushel after touching $7.18, its highest point since May 2024, surpassing Monday's two-year high.\n\nThe recent surge in corn prices followed findings from a significant Midwest field tour conducted last week, which forecasted this year's U.S. crop production to be significantly lower than the current estimate from the U.S. Department of Agriculture. On Monday, the USDA announced that U.S. corn crop conditions had deteriorated more sharply than anticipated during the previous week. Argus analysts attributed the rise in corn prices to the worsening crop conditions and the expectation of lower yields, although they acknowledged that Argentina, a major corn exporter, could offer some relief due to a substantial planted area. However, they also pointed out that pest risks and higher costs could hinder farmers' plans.\n\nThe Buenos Aires Grain Exchange reported on Tuesday that El Niño weather patterns are expected to bring moisture to Argentina, a key corn exporter. Nonetheless, challenges such as pest threats and increased production costs continue to concern farmers. Grain loading at Russian and Ukrainian Black Sea ports has largely ceased due to recent tit-for-tat attacks, raising doubts about the flow of Ukrainian corn and Russian wheat supplies.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}