Corn oil in tubes, peeled corn cobs and grains

Corn Prices

Corn prices averaged USD 481 cents per bushel in September, 1.0% higher than August’s price but down 28.9% year on year. On 29 September, the spot price was USD 477 cents per bushel, up 3.4% month on month. Supply concerns have aided corn prices in recent weeks.

Corn prices were likely boosted over the last month by data showing that U.S. corn stocks on 1 September were lower than markets had expected. Moreover, there were concerns over the impact of recent hot weather in the U.S.: Data from the Department of Agriculture shows a notable decline in crop quality since mid-August. In other news, in early October, Ukraine, Poland and Lithuania reached a deal that should speed up the export of Ukrainian grain from a Lithuanian port, which could put downward pressure on corn prices going forward.

This chart displays Corn (US¢/bu) from 2022 to 2023.

Corn CBOT (prices in US¢/bu, aop)

Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022
Corn CBOT - - - - 671 776 638 670

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Price forecasts and historical data for Corn.

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