➡ Corn Rallies for Third Day – Weather Risks and Wheat Strength Support Gains

Corn futures closed higher for the third straight session, supported by strong gains in wheat and soybeans and forecasts for disruptive rainfall in key U.S. growing areas.

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Corn prices in Chicago extended their recovery on Tuesday, with the May contract reaching a 3-day high. The market found support from external grain markets and weather concerns. Euronext corn remained mostly flat with a slight uptick in the front month.

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📈 Market Situation & Price Development

🇺🇸 CBOT (U.S. Market)

➡ Strong momentum in the front months supported technical buying despite fundamental headwinds.

🇪🇺 Euronext (EU Market)

➡ European contracts remain rangebound with limited directional momentum.

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🔍 Key Market Drivers

• 🌧 U.S. Weather Concerns:Heavy rain is forecasted from the Mississippi Delta through the Ohio River Valley – expected to delay fieldwork and support prices short term.
• 🌎 Brazil Crop Downgrade (StoneX):
  • First corn crop: ↓ to 25.90 million tons (from 26.53 Mt)
  • Safrinha crop: ↓ to 101.62 million tons (from 102.13 Mt)
  • Reason: Adverse weather in Rio Grande do Sul
• 🌾 Wheat & Soybean Rally:Strength in other grain markets provided spillover support for corn.

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☁️ 14-Day Weather Trend (Key Growing Regions)

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🌍 Global Corn Production & Stocks

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📊 Corn Production – 3-Year Comparison (Top 5 Producers)

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💡 Trading Recommendations & Market Assessment

• ⚠️ Short-term risk on the weather – price support likely to continue
• 🔁 Watch external grains – wheat and soy still driving sentiment
• 🔻 New crop still capped by large U.S. acreage and strong USD

🧭 Strategy: Traders may consider short-term longs in front-month contracts, but beware of volatility linked to weather and fund flows.

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🔮 3-Day Price Forecast (April 3–5)

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