Corn prices averaged USD 532 cents per bushel in September, up 13.4% from August. On 30 September, the commodity traded at USD 501 cents per bushel, down 2.8% from 31 August.
In September, average corn prices saw their largest monthly spike since March 2022—after Russia launched its full-scale invasion of Ukraine—and hit an over three-year high amid supply-chain disruptions in the Black Sea region and reduced export availability from Brazil. Adverse weather also fueled supply fears: Historic rains in the U.S. Corn Belt linked to El Niño disrupted the harvest and raised the risk of crop damage. Demand-wise, higher energy prices will have also spurred corn-derived biofuel demand.
This chart displays Corn (US¢/bu) from 2024 to 2026.
Corn CBOT (prices in US¢/bu, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Corn CBOT | - | - | - | - | - | - | - | 428 | 474 | 453 | 403 | 433 |