CBOT Corn Futures Drop 13‑15¢ Post‑High

Overview

CBOT corn futures experienced a decline on Monday, falling between 13 and 15 cents per bushel after the market had reached a 15‑month high on the preceding Friday.

Price Details

The December contract (symbol CZ26) was last quoted down 13 ¾ cents, trading at $4.7375 per bushel.

Drivers of the Move

Market participants cited weaker crude oil prices and profit‑taking as primary catalysts. Additionally, improving weather conditions for the U.S. corn crop added further downward pressure on prices.

Weather Outlook

According to the Commodity Weather Group, temperatures are projected to moderate following hot weekend conditions, and anticipated rainfall should reduce soil dryness, reinforcing the price decline.