Iran war roils otherwise quiet corn, soybean markets

Despite uneventful spring weather, news from the Middle East has sent corn prices on a roller coaster ride.

Emma Penrod
April 16, 2026
US and Iranian flags with Syria silhouette representing geopolitical relations
Dilok | BigStock.com

The conflict in Iran continues to rock global commodity markets in spite of otherwise uneventful weather in all major growing regions.

Corn prices dropped from $4.54 to $4.41 per bushel last week on news that Iran was negotiating a truce with the U.S., only to spike back up to $4.50 when the peace talks collapsed over the weekend. Soybeans remain relatively stable around $10.50 to $10.60 per bushel, but the U.S. Department of Agriculture (USDA) expects soybean prices to rise from increased biofuel production — an effort the U.S. hopes will ease rising oil prices.

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