Paris Corn Hits Six-Week High as Fertilizer Concerns Mount
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European corn hit its highest level in six weeks as concerns grow that surging fertilizer prices — a result of the war in Iran — may see planting areas drop.Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — European corn hit its highest level in six weeks as concerns grow that surging fertilizer prices — a result of the war in Iran — may see planting areas drop. Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.The most active futures contract in Paris rose as much as 1.6%, a fifth consecutive day of gains, and was set for a weekly advance of around 5%, the biggest in two months.
The Middle East conflict has resulted in the effective closure of the Strait of Hormuz, a critical waterway for global energy and fertilizer trade, driving up input costs for farmers worldwide. As a result, growers are scaling back fertilizer use or shifting to crops that are less input-intensive. In France, the European Union’s top corn grower, there are concerns the area under the crop may shrink as much as 15%.“Farmers and traders globally are getting increasingly worried about availability of fertilizer, and we are starting to see prices appreciate as a result,” Richard Buttenshaw, executive director of grains and oilseed at Marex, said in an email. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Meanwhile, wheat prices slumped as the market weighed a slightly improved weather forecast for areas under the hard red winter variety. Futures initially rose as much as 1.1%, hitting the highest level since June 2024, before slumping as much as 1.6%. As May approaches, rainfall is expected to return to parts of the crop’s western growing region, including Kansas, Nebraska, and Colorado, according to weather analysis from Aura Commodities. Still, “it is unlikely to significantly improve overall conditions, as the moisture may arrive too late to have a meaningful impact,” Jake Wade, a senior meteorologist at the firm, said in an email.Wheat’s reversal marks the end of a week of profit taking, according to Mike Verdin, senior markets consultant at CRM AgriCommodities. “In what has become a bit of a weather market for wheat, when every change in the forecast can make a difference to crop prospects, it is always tempting to take some profit while it is there,” he said in an email. Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2026 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.