Corn (Maize) Price Trend Analysis: Q4 2024
In Q4 2024, the global Corn (Maize) market displayed divergent regional trends, shaped by supply dynamics, export activity, and domestic demand patterns. Prices surged sharply in Brazil, Ukraine, and Argentina due to tighter supplies, strong export demand, and elevated input costs, while the USA saw a modest recovery supported by feed and ethanol procurement and stabilized logistics. In contrast, Italy experienced notable price declines amid improved availability and slowing feed demand, whereas India remained largely stable with balanced domestic supply and moderate offtake. Overall, Corn (Maize) prices fluctuated between 5-12% across key markets with crop progress, export flows and weather conditions expected to guide market direction into early 2025.Â
BrazilÂ
Corn (Maize) Export prices FOB Santos, BrazilÂ
In Q4 2024, Corn (Maize) prices in Brazil surged amid tighter supply and strong export demand. Corn (Maize) Price trend in Brazil were influenced by slower-than-expected arrivals from the second crop (safrinha) and increasing overseas purchases from Mexico and Southeast Asia. Elevated input costs, including fertilizers and transport, also supported higher domestic pricing. As a result, prices supported the price range of USD 196-215 per metric ton. In December 2024, Corn (Maize) prices in Brazil were increased by 14% as market sentiment remained bullish, with expectations of continued demand supporting prices into the new year.zilÂ
USAÂ
Corn (Maize) Export prices FOB North West Iowa, USAÂ
In Q4 2024, Corn (Maize) prices in the USA showed a modest recovery amid improving demand and logistical adjustments. Corn (Maize) Price trend in USA were supported by increased procurement by feed and ethanol producers and the gradual stabilization of export shipments. Cooler winter weather helped maintain quality in storage, while export demand from Mexico and Asia provided additional support.  As a result, prices rose supported around the range of USD 150-170 per Metric Ton. In December 2024, Corn (Maize) prices in USA were increased by 1.96% as traders remained attentive to inventory levels and global commodity market developments heading into the new year.Â
ArgentinaÂ
Corn (Maize) prices FOB Rosario, ArgentinaÂ
In Q4 2024, Corn (Maize) prices in Argentina rebounded as export demand strengthened and stock drawdowns began. Corn (Maize) Price trend in Argentina during the quarter was supported by renewed international interest, particularly from Asian and Middle Eastern buyers, and a gradual tightening of domestic supply. Weaker rainfall in certain producing regions also raised mild concerns about the upcoming crop, lending further support. Consequently, prices increased to the price range of USD 190-222 per metric ton. In December 2024, Corn (Maize) prices in Argentina were increased by 6.28% as market focus shifted toward weather developments and export performance entering 2025.Â
ItalyÂ
Corn (Maize) prices FOB Port of Ravenna, ItalyÂ
In Q4 2024, Corn (Maize) prices in Italy declined notably amid improved availability and slowing feed demand. Corn (Maize) Price trend in Italy influenced by the arrival of late-harvest supplies, coupled with increased imports from Eastern Europe, eased supply pressure in the domestic market. Cooler weather and reduced consumption from livestock producers also contributed to weaker demand. Consequently, prices dropped to the price range around USD 230-245 per metric ton. In December 2024, Corn (Maize) in Italy were decreased by 5.49% as the market tone remained subdued, with traders anticipating renewed activity ahead of the next planting season.Â
UkraineÂ
Corn (Maize) prices FOB Port of Odesa, UkraineÂ
In Q4 2024, Corn (Maize) prices in Ukraine surged significantly amid robust export demand and reduced post-harvest availability. Corn (Maize) Price trend in Ukraine showed strong international buying, particularly from EU and Middle Eastern markets, drove export competition among local traders. Limited port capacity and higher freight costs further tightened supply in the domestic market. Consequently, price range managed around USD 245-275 per metric ton. In December 2024, Corn (Maize) prices in Ukraine were increased by 11.66% as market participants anticipated that ongoing geopolitical and logistical factors would continue to support elevated price levels heading into 2025.Â
Corn (Maize) Price Trend Analysis: Q3 2024
In Q3 2024, the global Corn (Maize) market exhibited mixed regional trends influenced by harvest dynamics, supply availability, and demand conditions. Prices declined in Brazil, the USA, and Argentina due to seasonal harvest pressure, ample stocks, and subdued export demand, with U.S. corn competitiveness further weighing on South American markets. Conversely, Italy and Ukraine experienced price gains supported by constrained local production, strong feed demand, and robust export interest. India saw steady price increases driven by higher domestic consumption and limited availability of quality grain following uneven monsoon rainfall. Overall, Corn (Maize) prices fluctuated around 6-10% across major markets with weather developments, export flows, and inventory levels expected to guide price trends into the final quarter of the year.Â
BrazilÂ
Corn (Maize) Export prices FOB Santos, BrazilÂ
In Q3 2024, Corn (Maize) prices in Brazil continued to decline moderately due to ongoing harvest pressure and subdued international demand. Corn (Maize) Price trend in Brazil were influenced by abundant local supplies, competitive pricing from U.S. corn, and softening domestic feed demand. Despite some logistical improvements, the oversupply weighed on the market. Consequently, prices dropped around the range of USD 172-200 per metric ton. In September 2024, Corn (Maize) prices in Brazil were decreased by 4.70% as traders monitored regional weather and export orders to anticipate price stabilization in the next quarter.Â
USAÂ
Corn (Maize) Export prices FOB North West Iowa, USAÂ
In Q3 2024, Corn (Maize) prices in the USA fell sharply amid seasonal harvest pressure and abundant supply. Corn (Maize) Price trend in USA were influenced by early record yields in the Midwest, which increased available stocks, coupled with softening demand from domestic ethanol production and livestock feed sectors. Competitive international pricing, particularly from South America, also weighed on U.S. corn exports. Consequently, prices declined to around USD 155-170 per Metric Ton. In September 2024, Corn (Maize) prices in USA were decreased by 9.96% as market focus shifted to post-harvest storage logistics and export contracts for the remainder of the year.Â
ArgentinaÂ
Corn (Maize) prices FOB Rosario, ArgentinaÂ
In Q3 2024, Corn (Maize) prices in Argentina declined moderately amid seasonal supply pressure and slower export demand. Corn (Maize) Price trend in Argentina were influenced by high stock availability following the completion of harvest and subdued buying interest from global feed markets. Competitive pricing from Brazil further limited export opportunities for Argentine corn. As a result, price range managed around USD 165-185 per metric ton. In September 2024, Corn (Maize) prices in Argentina were decreased by 4.06% despite soft global fundamentals, expectations of improving trade activity toward the year’s end provided partial support to market sentiment.Â
ItalyÂ
Corn (Maize) prices FOB Port of Ravenna, ItalyÂ
In Q3 2024, Corn (Maize) prices in Italy continued to rise, supported by reduced local production and firm demand from the livestock feed sector. Corn (Maize) Price trend in Italy during the quarter were influenced by hot, dry conditions in parts of Northern Italy that constrained yields, coupled with higher costs for imported corn from neighbouring EU countries. Strong consumption from the poultry and dairy feed segments added to price support. As a result, the price range managed around USD 230-260 per metric ton. In September 2024, Corn (Maize) prices in Italy were decreased by 3.75% as market focus shifted toward replenishing stocks and assessing harvest prospects for the final quarter.Â
UkraineÂ
Corn (Maize) prices FOB Port of Odesa, UkraineÂ
In Q3 2024, Corn (Maize) prices in Ukraine rose further amid firm export demand and constrained early harvest supply. Corn (Maize) Price trend in Ukraine were influenced by improving trade flows through Black Sea and Danube routes, as well as strong buying interest from European importers. Weather-related yield concerns in some producing regions added to bullish sentiment. As a result, price range managed around USD 230-260 per metric ton. In September 2024, Corn (Maize) prices in Ukraine were decreased by 6.04% as continued export competitiveness and yield outcomes were expected to shape price direction into the next quarter.Â
Corn (Maize) Price Trend Analysis: Q2 2024
In Q2 2024, the global Corn (Maize) market exhibited mixed regional trends, shaped by harvest progress, supply availability, and demand patterns. Prices declined in Brazil, the USA, and Argentina due to seasonal harvest pressure, abundant stocks, and subdued international demand, while Italy and Ukraine saw price gains supported by constrained local production, strong feed sector demand, and robust export interest. India recorded steady price increases driven by higher domestic consumption and limited quality grain availability. Overall, Corn (Maize) prices fluctuated between 6-10% across major markets with weather developments, export flows, and stock levels expected to influence price direction into the year’s final quarter.Â
BrazilÂ
Corn (Maize) Export prices FOB Santos, Brazil.Â
In Q2 2024, Corn (Maize) prices in Brazil declined sharply amid seasonal harvest pressure and ample domestic supply. Corn (Maize) Price trend in Brazil were influenced by large early crop yields, increased availability in major producing states such as Mato Grosso and Paraná, and reduced export demand from key buyers in Asia. Transportation costs remained stable, and storage capacity was sufficient, further easing market tightness. As a result, prices fell around the price range of USD 174-203 per metric ton. In June 2024, Corn (Maize) prices in Brazil were decreased by 12.64% The market focused on export competitiveness and global corn prices for future guidance.Â
USAÂ
Corn (Maize) Export prices FOB North West Iowa, USA.
In Q2 2024, Corn (Maize) prices in the USA continued to decline modestly amid steady supply and mixed demand signals. Corn (Maize) Price trend in USA was influenced by the improved crop prospects and healthy soil moisture in key states supported expectations of a strong upcoming harvest by keeping price growth subdued. Export shipments remained steady but did not create additional upward pressure. Prices averaged USD 165-180 per Metric Ton, reflecting drop from the previous quarter. In June 2024, Corn (Maize) prices in USA were decreased by 0.70% Traders closely monitored planting progress and regional weather forecasts as potential drivers for future market shifts.Â
ArgentinaÂ
Corn (Maize) prices FOB Rosario, Argentina.Â
In Q2 2024, Corn (Maize) prices in Argentina remained largely stable, showing minimal movement amid balanced supply and demand conditions. Corn (Maize) Price trend in Argentina during the quarter saw strong harvest progress, ensuring consistent domestic availability, while export demand from key destinations like Vietnam and South Korea provided moderate support. Stable currency trends and controlled logistics costs kept price volatility low. Consequently, price range remained unchanged around USD 165-185 per metric ton. In July 2024, Corn (Maize) prices in Argentina were increased by 0.01% as market participants monitored storage capacity and export shipment rates for future price direction.Â
ItalyÂ
Corn (Maize) prices FOB Port of Ravenna, Italy.Â
In Q2 2024, Corn (Maize) prices in Italy rebounded as domestic demand strengthened and import costs edged higher. Corn (Maize) Price trend in Italy during the quarter saw increased procurement from the feed and starch industries, alongside tighter supply from Eastern Europe due to weather-related delays. Rising transportation expenses and moderate inflation in agricultural inputs also contributed to the upward movement. Consequently, price range managed around USD 225-260 per metric ton. In June 2024, Corn (Maize) prices in Italy were increased by 4.92% Market participants focused on growing conditions in Northern Italy, which were expected to influence the upcoming harvest.Â
UkraineÂ
Corn (Maize) prices FOB Port of Odesa, Ukraine.
In Q2 2024, Corn (Maize) prices in Ukraine continued to strengthen as export demand improved and logistical conditions stabilized. Corn (Maize) Price trend in Ukraine during this quarter saw the reopening of alternative grain export routes via rail and river corridors supported higher shipment volumes to European and Middle Eastern markets. Domestic prices were also underpinned by steady feed consumption and moderate stock levels. Consequently, price range managed around USD 245-260 per metric ton. In June 2024, Corn (Maize) prices in Ukraine were decreased by 2.80% as market attention shifted to the upcoming growing season and weather forecasts across central and southern regions.
Corn (Maize) Price Trend Analysis: Q1 2024
In Q1 2024, the global Corn (Maize) market showed mixed regional performance, reflecting differences in supply, demand, and export activity. Prices increased moderately in Brazil, Ukraine, and India, supported by firm domestic demand, limited carry-over stocks, and weather-driven supply considerations. Argentina experienced a sharp rebound due to strong crop recovery after the previous year’s drought, while the USA and Italy saw price declines amid abundant inventories and subdued domestic and export demand. Overall, Corn (Maize) prices fluctuated between 6-35% across key markets with planting progress, crop conditions, and export flows expected to influence price trends in the upcoming quarter.Â
BrazilÂ
Corn (Maize) Export prices FOB Santos, Brazil.Â
In Q1 2024, Corn (Maize) prices in Brazil increased moderately amid firm domestic demand and steady export activity. Corn (Maize) Price trend in Brazil during the quarter were influenced by strong procurement from feed and poultry sectors, alongside favourable weather conditions that supported early crop expectations. Limited disruptions in logistics and stable port operations also helped maintain price levels. Consequently, prices rose to the range of USD 208-240 per metric ton. In March 2024, Corn (Maize) prices in Brazil increased by 3.58% as market participants closely monitored planting progress for the upcoming safrinha crop.Â
USAÂ
Corn (Maize) Export prices FOB North West Iowa, USA.Â
In Q1 2024, Corn (Maize) prices in the USA declined amid high stock levels from the previous harvest and subdued export demand. Corn (Maize) Price trend in USA were influenced by favourable winter weather across the Midwest, which ensured smooth storage and transport, and limited buying interest from feed and ethanol sectors. Consequently, prices fell to the price range of USD 170-200 per Metric Ton. In March 2024, Corn (Maize) prices in USA decreased by 6.29% as market participants were focused on the upcoming spring planting and early crop condition reports for guidance on future price direction.Â
ArgentinaÂ
Corn (Maize) prices FOB Rosario, Argentina.Â
In Q1 2024, Corn (Maize) prices in Argentina fell sharply amid a significant recovery in crop output following the previous year’s drought. Corn (Maize) Price trend in Argentina during the quarter were influenced by improved harvest volumes, favourable weather across key producing regions such as CĂłrdoba and Santa Fe, and higher domestic inventories. Softer international demand and stable logistics also weighed on market sentiment. As a result, price range increased around USD 175-205 per metric ton. In March 2024, Corn (Maize) prices in Argentina increased by 34.67% as the market outlook remained focused on export commitments and the pace of farmer sales heading into the next quarter.Â
ItalyÂ
Corn (Maize) prices FOB Port of Ravenna, Italy.Â
In Q1 2024, Corn (Maize) prices in Italy declined moderately amid comfortable supply levels and subdued domestic demand. Corn (Maize) Price trend in Italy during the quarter were influenced by sufficient carry-over stocks from the previous harvest, stable imports from other European suppliers, and reduced feed sector consumption due to high substitution by alternative grains. Mild winter conditions also supported logistical efficiency, keeping prices soft. As a result, the price range managed around USD 225-255 per metric ton. In March 2024, Corn (Maize) prices in Italy decreased by 3.41% as market sentiment remained cautious, awaiting new planting developments and trade movements in the next quarter.Â
UkraineÂ
Corn (Maize) prices FOB Port of Odesa, Ukraine.
In Q1 2024, Corn (Maize) prices in Ukraine recorded a modest rise amid steady domestic demand and limited carry-over stocks. Corn (Maize) Price trend in Ukraine during the quarter were influenced by restrained export shipments early in the year and strong local consumption from feed and processing industries. Despite stable weather and adequate supply, tightening farmer holdings supported the upward momentum. The Price range averaged around USD 230-255 per metric to. In March 2024, Corn (Maize) prices in Ukraine increased by 2.23% as export activity and early planting conditions were expected to guide market sentiment.