Global feed market: Rising geopolitical risks and higher oil prices boost corn prices

On Friday (February 27), Chicago Board of Trade (CBOT) May corn futures closed at $4.485 per bushel, up 2% from a week earlier; U.S. Gulf March shipment corn was quoted at $5.4225 per bushel, up 3%. Euronext June corn closed at €197.25 per ton, up 2.6%. Argentine corn upper river FOB quotation was $211 per ton, up 0.5%. Brazil B3 exchange corn futures were quoted at 69.53 reais per bag, up 1.1%. International crude oil futures rose this week due to concerns that a military conflict in the Middle East could disrupt supplies. Global benchmark April Brent crude oil futures were quoted at $72.48 per barrel, the highest since July 31, 2025, up 1.00% from a week earlier. On Friday, the ICE U.S. Dollar Index closed at 97.565 points, down 0.17% from a week earlier. The core driving factor of this week's market was undoubtedly the increasingly tense geopolitical situation. Talks between Washington and Tehran on Thursday ended without results, and subsequently, some countries issued ...