Corn silos on a farm

Corn Price Outlook

Corn prices stabilized in May, after surging in the previous month on higher energy prices and sustained supply fears. Prices averaged USD 784 cents per bushel in May, which was 0.3% lower than April's price and was up 16.1% from the same month last year. In addition, on 31 May, the spot price was USD 754 cents per bushel, which was down 7.9% from the same day of the previous month. Corn prices remained elevated in recent weeks. Expectations of depleted exports from the Black Sea Region this year, coupled with fears of a severe global shortage of another food commodity, wheat, have kept prices elevated since the start of the Russia-Ukraine war. Moreover, a downward revision for year-ending stocks in the U.S. added further price support, although improving weather conditions in Brazil capped upside pressures.

Corn Price History Data (USD cents per bushel, aop)

2015  2016  2017  2018  2019  
Corn 378.13  359.41  361.24  369.89  384.98  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Corn Historical Price Chart


Corn historical price chart
Note: Chicago Board Of Trade (CBOT) Corn, prices in USD cents per bushel (bu). Daily prices.

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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