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Corn Prices, Demand and Supply Overview
Corn prices in Japan, which remained the most expensive corn region throughout the period covered in this report, rose 1.5% in Q2 2026 to USD 335.00/MT from USD 330.00/MT in Q1, sustaining the Northeast Asian import premium tied to strong feed industry procurement. US prices, which had fallen to a deep seasonal trough of USD 180.00/MT in Q3 2025 as the record American harvest weighed on the market, recovered further to USD 205.00/MT in Q2 2026. Globally, the average rose from USD 267.32/MT in Q1 to USD 271.40/MT in Q2, a 1.5% gain, continuing the recovery that began after the Q3 2025 trough. For H2 2026, a global average of USD 200.00-340.00/MT is expected, with export demand and continued Northeast Asian feed industry procurement likely to keep this market broadly firm.
Corn is one of the world's most widely cultivated cereal grains, serving as a foundational input for livestock feed, biofuel production through ethanol, food processing, and industrial starch manufacturing. Global production is anchored by the United States, the world's largest producer and exporter, alongside China, Brazil, Argentina, and the European Union. This market has demonstrated remarkable overall stability, reflecting a well-supplied global market even as individual regions experienced sharp seasonal swings tied to harvest timing and export flows. A record US corn harvest, combined with simultaneous record export demand, illustrates how strong supply and strong demand can coexist without destabilizing global pricing. Harvest timing and weather conditions, feed industry and biofuel demand, and export shipment volumes are what drive prices in this market.
Corn Price Forecast for 2026
The outlook for Corn through H2 2026 stays broadly firm, with export demand continuing to absorb the record US harvest and Northeast Asian feed industry procurement, particularly from Japan and South Korea, sustaining the import premium in that region. Japan has signaled increased interest in purchasing US corn as part of ongoing bilateral trade negotiations, while South Korea continues maintaining strong feed industry procurement, both factors likely to support continued firm Northeast Asian demand through the remainder of the year.
The main upside risk is a weather-related disruption to US, South American, or other major growing region harvests, which could tighten global supply and push prices higher than currently forecast. The main downside risk is a slowdown in export shipment pace or a larger-than-expected global harvest, which could ease the current firming trend and pressure prices back toward the Q3 2025 seasonal trough levels.
| Region | 2026 Price Range (USD/MT) | Outlook |
| Global Average | 200.00 - 340.00 | Export demand and Northeast Asian procurement keep this market firm |
| Japan | 310.00 - 350.00 | Northeast Asian import premium sustains the highest price |
| India | 255.00 - 285.00 | Steady regional demand supports continued firmness |
| Germany | 245.00 - 275.00 | Balanced European supply keeps this market steady |
| United States | 185.00 - 220.00 | Record export shipments continue absorbing surplus supply |
For the Quarter Ending June 2026
Corn Prices Q2 2026:
- Japan: USD 335.00/MT
- India: USD 275.00/MT
- Germany: USD 265.00/MT
- United States: USD 205.00/MT
Corn Prices in Japan
Japanese Corn prices averaged USD 335.00/MT in Q2 2026, the highest of any region tracked here, up 1.5% from USD 330.00/MT in Q1, sustaining the Northeast Asian import premium tied to strong feed industry procurement.
Why did the price of Corn change in Q2 2026 in Japan?
Japan signaled increased interest in purchasing US corn as part of ongoing bilateral trade negotiations, while South Korea maintained strong feed industry procurement, both sustaining the Northeast Asian import premium.
Corn Prices in India
Indian prices averaged USD 275.00/MT in Q2 2026, up 1.1% from USD 272.00/MT in Q1, as steady regional demand continued supporting this market.
Why did the price of Corn change in Q2 2026 in India?
Steady demand from feed and food processing applications kept this market on a firm, gradual upward trajectory through the quarter.
Corn Prices in Germany
German prices averaged USD 265.00/MT in Q2 2026, up 1.1% from USD 262.00/MT in Q1, holding within the balanced European supply range that has characterized this market.
Why did the price of Corn change in Q2 2026 in Germany?
Balanced European supply conditions kept this market within its established range, tracking the broader global stability evident across most regions.
Corn Prices in the United States
US prices, the lowest of the four regions, averaged USD 205.00/MT in Q2 2026, up 2.5% from USD 200.00/MT in Q1, continuing the recovery from the deep seasonal trough recorded in Q3 2025.
Why did the price of Corn change in Q2 2026 in the United States?
Surging export shipments continued absorbing surplus supply from the record 2025 US corn harvest, supporting further recovery from the deep seasonal trough recorded in Q3 2025.
For the Quarter Ending March 2026
Corn Prices Q1 2026:
- Japan: USD 330.00/MT
- India: USD 272.00/MT
- Germany: USD 262.00/MT
- United States: USD 200.00/MT
Corn Prices in Japan
Japanese prices rose 1.5% in Q1 2026 to USD 330.00/MT from USD 325.00/MT in Q4 2025, sustaining the Northeast Asian import premium.
Why did the price of Corn change in Q1 2026 in Japan?
North East Asia remained the most expensive corn region throughout the period, with Japan signaling increased interest in purchasing US corn as part of ongoing bilateral trade negotiations, and South Korea maintaining strong feed industry procurement, sustaining the Northeast Asian import premium.
Corn Prices in India
Indian prices rose 1.5% in Q1 2026 to USD 272.00/MT from USD 268.00/MT in Q4 2025, tracking steady regional demand.
Why did the price of Corn change in Q1 2026 in India?
Steady demand from feed and food processing applications supported gradual price gains, consistent with the broader global stability evident across the market.
Corn Prices in Germany
German prices rose 1.6% in Q1 2026 to USD 262.00/MT from USD 258.00/MT in Q4 2025, tracking the broader global recovery.
Why did the price of Corn change in Q1 2026 in Germany?
Balanced European supply and demand conditions kept this market within its established range, tracking the broader recovery evident across most regions after the Q3 2025 seasonal low.
Corn Prices in the United States
US prices rose 5.3% in Q1 2026 to USD 200.00/MT from USD 190.00/MT in Q4 2025, as surging export shipments absorbed surplus supply.
Why did the price of Corn change in Q1 2026 in the United States?
Prices recovered as surging export shipments, with the September to November 2025 pace exceeding 800 million bushels, the highest since 2007, absorbed surplus supply from the record US harvest.
Quarterly Corn Price Trends
Global Corn prices were remarkably stable throughout 2025, holding within a narrow band across most quarters despite a well-supplied global market anchored by a record US corn harvest, with North America recording the deepest seasonal trough of any region in Q3 2025 before record export shipments absorbed the surplus and drove a steady recovery through early 2026.
| Quarter | Price (USD/MT) | QoQ Change | Direction |
| Q2 2026 | 271.40 | +1.5% | ↑ Rising |
| Q1 2026 | 267.32 | +2.2% | ↑ Rising |
| Q4 2025 | 261.48 | +2.7% | ↑ Rising |
| Q3 2025 | 254.70 | -3.4% | ↓ Falling |
| Q2 2025 | 263.68 | - | — Stable |
| Q3 2026 | In Progress | - | — In Progress |
What was Corn Price in 2025?
Corn moved in genuinely different directions across the markets covered in this report through 2025. Japan and Germany held broadly stable to modestly changed, while the United States alone recorded a dramatic seasonal swing, falling to a deep Q3 trough as the record US harvest weighed on prices before surging export demand drove a sharp recovery by year-end.
Corn Prices in Japan in 2025
Japanese prices firmed from about USD 300.00/MT in Q1 2025 to USD 325.00/MT by Q4, a gain of roughly 8.3%, the strongest annual increase of the four regions, tracking sustained Northeast Asian import demand.
Corn Prices in India in 2025
Indian prices held essentially flat across 2025, moving from about USD 270.00/MT in Q1 to USD 268.00/MT by Q4, down roughly 0.7%, reflecting stable regional demand.
Corn Prices in Germany in 2025
German prices held essentially flat across 2025, moving from about USD 260.00/MT in Q1 to USD 258.00/MT by Q4, down roughly 0.8%, tracking balanced European supply conditions.
Corn Prices in the United States in 2025
US prices declined from about USD 240.00/MT in Q1 2025 to USD 190.00/MT by Q4, down roughly 20.8%, the steepest annual decline of the four regions, driven by the record US corn harvest before record export shipments began absorbing the surplus late in the year.
How We Can Help
Expert Market Research: Your Source for Real-Time Corn Price Intelligence
Expert Market Research tracks Corn prices continuously across every major producing and consuming region, combining harvest timing and weather condition data, feed industry and biofuel demand signals, and export shipment volume trends into a single, regularly updated view of the market. Our team can help your procurement function benchmark current offers, plan purchases around the seasonal trends covered in this report, and build a defensible view of where this foundational cereal grain is headed next. Reach out to our team for a tailored briefing or a deeper look at any of the regional markets covered here.
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Frequently Asked Questions About This Report
It serves as a foundational input for livestock feed, biofuel production through ethanol, food processing, and industrial starch manufacturing.
The Q2 2026 global average was USD 271.40/MT, ranging from USD 205.00/MT in the United States to USD 335.00/MT in Japan.
The global average rose from USD 261.48/MT in Q4 2025 to USD 267.32/MT in Q1 2026 and then to USD 271.40/MT in Q2, continuing the recovery that began after a deep US seasonal trough in Q3 2025.
A record US corn harvest of 16.752 billion bushels at a national average yield of 186.0 bushels per acre weighed on prices during the September to November marketing window, before surging export shipments, the highest pace since 2007, absorbed the surplus supply and drove a steady recovery.
The global average is expected in the USD 200.00-340.00/MT range, with export demand and Northeast Asian feed industry procurement likely to keep this market broadly firm.
The United States holds the lowest cost among the regions tracked here despite its recovery, while Japan carries the highest cost given the Northeast Asian import premium tied to strong feed industry procurement.
This report is updated monthly. For real-time pricing intelligence, connect with the Expert Market Research team.
Harvest timing and weather conditions, feed industry and biofuel demand, and export shipment volumes.
The United States is the world's largest producer and exporter, with China, Brazil, Argentina, and the European Union also significant producing and consuming markets.
Buyers can monitor US harvest timing and export shipment pace given their outsized influence on this market, time forward purchases around the quarterly breakdowns in this report, and benchmark supplier quotes against the tracked price ranges.
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