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

Published Mar 3, 2026

Tridge summary

Core tip: According to foreign media on March 1, as of the week ending February 27, 2026, global corn market prices have risen, with Chicago corn futures climbing to a seven-week high, primarily due to heightened global geopolitical tensions, which have helped corn add a risk premium following crude oil; the upcoming implementation of the U.S. biofuel blending policy also provides a demand boost.

Original content

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 ...

Source: Foodmate