CBOT Corn Futures Rise 0.5% to $4.695 on Weather Concerns and Oil Surge

According to external reports, CBOT corn futures rose on Monday (July 14), with benchmark contracts up 0.5% and December futures hitting $4.695, the highest level since June 2. The rally reflected concerns about hot, dry weather in the U.S. Corn Belt and surging oil prices, as the region faces continued high temperatures this week during the critical pollination period.

The USDA forecast U.S. corn yield for 2026 at 183 bushels per acre, the second-highest on record, but analysts warned that persistent heat could lower yields toward 180 bushels per acre, significantly tightening supplies.