The global corn market is showcasing remarkable resilience and stability amidst active arrivals and supportive weather conditions across major producing regions. In India, substantial inflows from Uttar Pradesh’s Kasganj, Chhibramau, and Udham Singh Nagar areas have helped anchor prices, despite a steady demand from feed and starch industries. Minor price fluctuations of $0.12–$0.18 per quintal have been observed, but the broader price range remains steady between $21.60 and $24.30 per quintal at key trading centers, reflecting equilibrium between supply and demand.
Ample stocks and continuous arrivals are mitigating any risks of sudden price surges, offering strategic opportunities for traders and stockists to build inventories at competitive levels. Internationally, FOB offers for corn out of Ukraine and France are soft, while specialty and organic corn varieties maintain a price premium. A close eye is kept on the global weather outlook, especially for North and South America, as it could impact near-term supply expectations. Current conditions suggest a favorable outlook for both planting and crop development in most northern hemisphere regions.
Overall, with abundant supplies, steady industrial buying, and benign weather across the main origins, the corn market is expected to maintain its stability through the coming weeks. This environment is particularly advantageous for procurement teams and commodity inventory planners.
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FCA 0.75 €/kg
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FOB 0.22 €/kg
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📈 Prices
| Product | Origin | Location | Delivery | Current Price (EUR/kg) | Previous Price (EUR/kg) | Update | Sentiment |
|---|---|---|---|---|---|---|---|
| Popcorn | Brazil | Dordrecht, NL | FCA | 0.75 | 0.75 | 2025-09-19 | Stable |
| Popcorn (expansion 40/42) | Argentina | Buenos Aires | FOB | 0.82 | 0.82 | 2025-09-19 | Stable |
| Corn (yellow) | France | Paris | FOB | 0.22 | 0.22 | 2025-09-19 | Stable |
| Corn (starch, organic) | India | New Delhi | FOB | 1.95 | 1.95 | 2025-09-19 | Firm |
| Corn (bulk) | Ukraine | Odesa | FOB | 0.19 | 0.20 | 2025-09-19 | Slightly Bearish |
| Corn (yellow feed, 98% purity) | Ukraine | Odesa | FCA | 0.25 | 0.27 | 2025-09-12 | Weaker |
🌍 Supply & Demand
- India: Triggered by a good harvest, maize arrivals in Uttar Pradesh are robust, keeping local prices stable. Stock levels are improving, reducing the prospect of sharp rallies.
- Ukraine & EU: FOB values exhibit mild downward pressure amid heavy export competition and weak global feed grain demand.
- Feed & Starch Demand: Remains a stabilizing force, while traders show increased interest in locking in competitive rates for forward contracts.
📊 Fundamentals
- USDA Reports: The latest USDA WASDE indicates comfortable global ending stocks for corn, with US and Brazil crop conditions above last year’s levels, supporting stability.
- Speculative Positioning: Managed money is holding a largely neutral to mildly short position in CBOT Corn, as market volatility remains subdued.
- Inventory Trends: Most exporting nations have either concluded harvest or are progressing smoothly, with minimal logistical disruptions reported.
🌦️ Weather Outlook
- North America: Recent rains have supported soil moisture; planting progress in the US Midwest remains timely with above-average temperature forecasts, supporting early vegetative growth.
- Black Sea & Europe: Ukraine and France receive mixed precipitation, currently not threatening yields but requiring close monitoring for disease risks.
- India: Weather stays favorable for late arrivals from key producing areas.
🌎 Global Production & Stocks
| Country | 2024/25 Production (Mt) | Ending Stocks (Mt) | Export Share |
|---|---|---|---|
| USA | 383.5 | 55.0 | Top exporter |
| Brazil | 120.0 | 9.6 | Major exporter |
| Ukraine | 29.5 | 3.2 | Major exporter |
| EU | 63.1 | 14.2 | Marginal exporter |
| India | 33.5 | 3.3 | Niche exporter, mainly domestic-oriented |
| China | 287.7 | 210.9 | Major importer |
⏳ Trading Outlook (Key Takeaways)
- The short-term price bias remains neutral-to-slightly-bearish amid abundant arrivals in India and ample stocks globally.
- Traders and stockists are encouraged to build inventories at the lower end of the current price range.
- Lock in forward contracts for feed and starch grade corn to hedge against potential late-season volatility driven by weather or freight disruptions.
- Monitor USDA crop progress, Black Sea logistics, and late monsoon patterns for any oncoming shifts.
- Speculators may look for range-bound strategies on CBOT given dull volatility.
📆 3-Day Regional Price Forecast
| Region/Exchange | Last Close | 3-Day Forecast | Sentiment |
|---|---|---|---|
| CBOT Corn (USD/bu) | ~4.40 | 4.38 – 4.45 | Stable |
| Euronext (EUR/t) | ~206 | 205 – 208 | Stable |
| India Physical (USD/quintal) | 21.60–24.30 | 21.50 – 24.50 | Stable |
