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New trade frameworks offering little support for corn market

The co-founder of AgMarket.net says recently announced trade frameworks haven’t done much for the corn market.

Matt Bennett tells Brownfield, “It’s probably a longer-term play when you look at corn.”  He says, “Corn has just kind of chopped around here. We’ve gone up a little bit, a very reluctant follower of soybeans. So, you would think that corn could see a little more rally action at some point in here if beans continue higher, but without that, you’re gonna have a hard time.”

He says farmers may need to look beyond the large 2025 corn crop for better pricing opportunities.

“I do think that if you keep this bean market propped up, if you will, it’s probably gonna spill over into corn sooner or later, and it might be led by the ‘26 market, more so than your old crop, just due to the fact that you have plenty of bushels sitting around even if the crop is a little smaller,” he says.

Bennett says high input costs and increased soybean demand could also lead to reduced U.S. corn acres next year, which would be favorable to corn prices in the long term.

AUDIO: Matt Bennett – AgMarket.net