Golden corn reached a new multi-year high
Key points
- Corn futures are trading at multi-year highs above $5.2 per bushel, driven by tightening global supply and significant uncertainty surrounding the 2026 harvest.
- A highly favorable seasonal window for corn opens between trading days 168 and 211 (September 2 to November 3 in 2026), a period that has historically yielded an 80% win rate and an average return of 7.33%.
- A CPM analysis using a strict 98% correlation threshold reveals that recent price action aligns with historical precedents that boast a 71% win rate for continued upside over the following month.
Corn prices are trending upward driven by seasonal factors
Amid significant uncertainty surrounding the 2026 harvest, corn futures are trading above $5.2 per bushel, approaching their highest level since July 2023, as mounting concerns over the U.S. crop outlook and a tightening global supply continue to support prices.

The chart below illustrates the annual seasonal trend for corn futures. It highlights a period of strength from the 168th trading day to the 211th trading day. For 2026, this timeframe spans from September 2 to November 3. As the chart indicates, corn prices typically rise during September and October.
