Corn Prices

Corn prices averaged USD 384 cents per bushel in August, down 4.6% from July. On 29 August, the commodity traded at USD 398 cents per bushel, up 1.0% from 31 July.

In August, corn prices averaged the lowest in a year and decreased for the fourth month running. Markets grew more concerned over strong supply and weak demand, with the U.S. expected to harvest record corn yields and weather in the Midwest remaining favorable in August. Additionally, the U.S. imposed a 50% tariff on Brazilian goods from 6 August, further hurting market sentiment and demand.