Corn prices averaged USD 418 cents per bushel in June, down 10.7% from May. On 30 June, the commodity traded at USD 413 cents per bushel, down 7.6% from 29 May.
In June, corn prices saw the sharpest decrease across the agricultural complex, retreating to a 10-month low. The U.S.-Iran ceasefire and the reopening of the Hormuz Strait weighed on energy prices, easing market concerns about prolonged supply-chain disruptions affecting other key inputs in grain production. Lower oil prices will have also capped biofuel demand; corn is widely used in ethanol production. Meanwhile, the arrival of El Niño was bearish for prices, as it will likely support corn production in Argentina.
This chart displays Corn (US¢/bu) from 2024 to 2026.
Corn CBOT (prices in US¢/bu, aop)
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Corn CBOT | - | - | 395 | 428 | 474 | 453 | 403 | 433 | 440 | 446 | - | - |