CORN Teucrium Corn Fund

bearish · high conviction track record →
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52wk $16.61 - $19.13 4h ago

Corn Prices Drop Amid Oil Pressure, Crop Progress

Watch: Watch next USDA crop and export reports for supply-demand shifts and crude oil developments affecting commodity prices.

Corn futures dropped sharply on May 6, 2026, with May contracts down 8 1/4 to 12 3/4 cents and national cash prices falling 11 1/2 cents. Open interest rose notably, signaling increased selling. The US corn crop is 38% planted, 4% ahead of the 5-year average, while exports surged in March but weekly export sales are down 18.1% year-over-year. Crude oil fell $6.06 amid US-Iran talks, pressuring corn prices.

The price decline under crude oil pressure alongside strong crop planting and mixed export data suggests potential supply relief and volatility for corn traders.

Evidence

Fundamentals & Data ▾
Teucrium Corn Fund
52w Range
$16.61 - $19.13
Options P/C
0.04
15 signals · latest 5h ago

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