FX & Commodity Almanac

Grains & softs · World Bank monthly average

What is the Maize (corn) price and how has it changed?

Maize (corn) averaged 239.6 US dollars per metric ton in September 2026, according to the World Bank Pink Sheet. That is 7.0% above Aug 2026 and 21.4% above Sept 2025, and in the top quarter of all monthly averages since January 2000.

Sept 2026 average
239.6$/mt · US dollars per metric ton
Month on month
▲ +7.0%from 224.0 in Aug 2026
Year on year
▲ +21.4%from 197.4 in Sept 2025
12-month range
197.1–239.6low Jun 2026 · high Sept 2026

The last five years

Maize (corn), monthly average price, last five yearsMaize (corn) from 235.6 $/mt in Sept 2021 to 239.6 in Sept 2026; five-year high 348.2 (Apr 2022), low 170.3 (Aug 2024). 150200250300350 20222023202420252026
Monthly averages, Sept 2021 – Sept 2026, $/mt. Yellow dot: latest month.

What the record shows

  1. Over five years the price ranged from 170.3 (Aug 2024) to 348.2 (Apr 2022). Sept 2026 sits 39% of the way from that low to the high.
  2. Since January 2000 the record high is 348.2 (Apr 2022) and the low 75.3 (Jul 2000). The latest month is higher than 80% of the 321 monthly averages in that span, in nominal dollars (not adjusted for inflation).
  3. The highest full-year average since 2000 was 2022 (318.8); the lowest was 2000 (88.6).
  4. Annualised volatility of monthly changes over the past five years was 19.9%, close to the 21.1% for the whole record since 2000. Monthly averages smooth out intra-month swings, so daily markets move more than this.
  5. Five years earlier, in Sept 2021, the average was 235.6: the price is 1.7% above that level.

Yearly averages

Maize (corn) yearly average, change, high month and low month
YearAveragevs prior yearHighest monthLowest month
2026 9 mo. 214.6 ▲ +5.6% 239.6 Sep 197.1 Jun
2025 203.2 ▲ +6.6% 220.9 Feb 185.5 Aug
2024 190.6 ▼ −24.6% 202.6 Dec 170.3 Aug
2023 252.7 ▼ −20.7% 302.8 Jan 206.5 Dec
2022 318.8 ▲ +22.8% 348.2 Apr 276.6 Jan
2021 259.5 ▲ +56.8% 305.3 May 234.5 Jan
2020 165.5 ▼ −2.7% 198.8 Dec 143.9 May
2019 170.1 ▲ +3.4% 195.1 Jun 157.3 Sep
2018 164.4 ▲ +6.4% 179.1 May 154.8 Sep
2017 154.5 ▼ −2.9% 162.9 Feb 147.3 Sep
2016 159.2 ▼ −6.2% 179.9 Jun 148.4 Sep
2015 169.8 ▼ −12.0% 179.6 Jul 162.6 Aug
2014 192.9 ▼ −25.6% 222.4 Apr 163.1 Sep
2013 259.4 ▼ −13.1% 309.0 Mar 197.4 Dec
2012 298.4 ▲ +2.3% 333.1 Jul 267.3 Jun
2011 291.7 ▲ +56.9% 319.3 Apr 258.6 Dec
2010 185.9 ▲ +12.3% 250.4 Dec 152.7 Jun
2009 165.5 ▼ −25.8% 179.9 May 150.4 Sep
2008 223.1 ▲ +36.3% 287.1 Jun 158.3 Dec
2007 163.7 ▲ +34.3% 180.3 Dec 146.8 Jul
2006 121.9 ▲ +23.5% 164.5 Nov 102.7 Jan

Average = simple mean of the monthly averages published for that year. Rows in italics are incomplete years. Table shows 2006 onward; the charts and statistics use the full record from Jan 2000.

Since January 2000

Maize (corn), monthly average price since January 2000Maize (corn) monthly averages from Jan 2000 to Sept 2026; highest 348.2 $/mt in Apr 2022, lowest 75.3 in Jul 2000. 50100150200250300350 200020032006200920122015201820212024
Monthly averages, nominal US dollars ($/mt).

Largest one-month moves since 2000

MonthFromToMove
Jul 2012267.3333.1▲ +24.6%
Oct 2008233.8183.1▼ −21.7%
Jan 2021198.8234.5▲ +18.0%
Jun 2008243.5287.1▲ +17.9%
Sept 2010175.6205.9▲ +17.3%

What exactly is being priced?

Maize (U.S.), no. 2 yellow, f.o.b. US Gulf ports. The World Bank publishes the series as a monthly average in US dollars per metric ton ($/mt). Benchmark definitions occasionally change, as noted above, so very long comparisons mix slightly different contracts. See commodity price units explained for converting units.

Sources