Corn prices ease with US on track for second-largest crop on record

But strong demand and high fuel and fertilizer costs could keep prices from falling too far, economist says.

Emma Penrod
August 13, 2026
Lush green corn field stretching to the horizon under a bright blue sky with scattered white clouds
Wollwerth Imagery | BigStock.com

Corn and soybean prices — elevated since the renewal of conflict in Iran — have fallen in recent weeks as traders anticipate a significant U.S. harvest this fall.

Yields for both crops are down slightly, according to the U.S. Department of Agriculture (USDA), likely as a result of worsening drought in the West and some parts of the Midwest. But expanded production of corn and soybeans by U.S. farmers has more than offset the yield loss, leading the USDA to project a 4.5 billion bushel soybean crop and a 16 billion bushel corn harvest, potentially the second-largest U.S. corn harvest on record.

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