Corn oil in tubes, peeled corn cobs and grains

Corn Prices

Corn prices rose in April on average, but they fell in the second half of the month. They averaged USD 654 cents per bushel in April, which was up 3.2% from March’s price but was 16.8% lower than in the same month last year. On 28 April, the spot price was USD 636 cents per bushel, which was 3.7% lower than on the same day of the previous month.

Although average corn prices rose in April, this masked a downtrend in the second half of the month. Initially, prices were supported by the U.S. WASDE April report, which forecasted reduced global corn production. In addition, the agency reported two large corn sales to China, pointing to firming demand and pushing prices up further. In the latter half of April, a market sell-off sent corn prices plunging.

This chart displays Corn (US¢/bu) from 2021 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 - 653 545 568 671 776 638 670

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Price forecasts and historical data for Corn.

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