Corn prices averaged USD 440 cents per bushel in June, down 4.5% from May. On 28 June, the commodity traded at USD 397 cents per bushel, down 11.0% from 31 May.
Corn traded lower in June on ample inventories in the U.S. Some farmers are stockpiling corn as they await more favorable market dynamics to sell. Prices were also curbed by a bearish report by the USDA amid higher-than-expected U.S. corn plantings. In addition, the agency reported that U.S. crop quality was the best since 2018, which further assuaged supply concerns.
This chart displays Corn (US¢/bu) from 2022 to 2024.
Corn CBOT (prices in US¢/bu, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Corn CBOT | 658 | 617 | 489 | 479 | 438 | 445 | - | - |