CBOT July corn futures reached a one‑year high, settling at $4.7775 per bushel, up 2.25 cents.
The rally was fueled by strong export demand, reduced planting expectations from high fertilizer costs, and weather worries in the U.S. corn belt.
Midwest storms may delay seeding, though rains are expected to ease mid‑week; rising crude oil (+6%) also supports corn as a biofuel feedstock.