Agriculture · ZC · USc / bu
Corn
Corn balance sheet is sensitive to summer weather and Brazilian safrinha (second crop) performance. Ethanol mandate floor and growing global feed demand provide a structural demand backbone.
Spot
$445.50
Δ 24h
+0.3%
Realized Vol
18.7%
Cycle Phase
Expansion
Price Timeline · 10Y
Hover · Click eventsInteractive History
Annotated Macro Events
2020Derecho StormIowa derecho damages 14M acres.
2022Ukraine DisruptionBlack Sea corn flows disrupted.
2024Brazil Safrinha SurgeRecord second crop deflates prices.
Cycle Phase Breakdown
Probability-weighted regime modelWhere Corn Sits in Its Supercycle
20%
25%
35%
Accumulation
20%Off lows.
Early Bull
25%Weather watch starting.
Expansion
35%Current — demand resilience meeting tight balance sheet.
Peak Euphoria
10%Drought tail.
Distribution
10%Bumper crop.
Supply & Demand
- US Stocks-to-Use13.5%
- Brazil Safrinha104 Mt est
- Ethanol Margins$0.32/gal
Cross-Asset Correlation
- Wheat0.71
- Soybeans0.68
- Crude Oil (Ethanol)0.42