Corn Hits Two-Week High as Iran War Threatens Fertilizer Supply

Corn futures rose to a two-week high after disrupted fertilizer supplies stemming from an effective closure of the Strait of Hormuz. The supply disruption raises uncertainty about the size of the upcoming U.S. corn crop and creates upside risk to corn prices and tighter agricultural supply dynamics.

Analysis

Corn futures rose to a two-week high after disrupted fertilizer supplies stemming from an effective closure of the Strait of Hormuz. The supply disruption raises uncertainty about the size of the upcoming U.S. corn crop and creates upside risk to corn prices and tighter agricultural supply dynamics.