Corn
Origin markets
Benchmark: CBOT/CME corn, USc/bu. The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential. Deep dive →
| Origin | Basis | Market note |
|---|---|---|
🇺🇸 US Gulf USA · ~55 Mt/yr exports | FOB NOLABenchmark | Reference; new crop at silking — weather market |
🇧🇷 Santos (safrinha) Brazil · 2nd-crop surge | FOB Santos | Safrinha harvest flowing to port — seasonal undercut of US Gulf |
🇦🇷 Up River Argentina · steady | FOB Up River | FX incentives; logistics discount vs Gulf |
🇺🇦 Black Sea Ukraine · corridor-dependent | FOB Pivdennyi | War-risk insurance and corridor logistics priced in |
🇯🇵 NE Asia delivered Japan/Korea · premium buyers | CFR NE Asia | Delivered basis — freight over Gulf; quality-tested cargoes |
Origin notes are qualitative context. Dollar differentials are not shown, because no public differential series is attached.
Track physical flows on the live vessel map →Harvest, yield & outlook
Crop calendars, current-season yields and the desk read per origin — the supply side behind the origin differentials.
Outlook: Pollination weather over the next three weeks decides the crop. Ethanol grind steady; export pace hinges on Brazil's safrinha overhang clearing.
Outlook: Second-crop corn hitting ports now — FOB Santos undercuts US Gulf through Q3, then the window closes as US harvest arrives.
Outlook: Acreage and inputs constrained; every escalation headline reprices the FOB discount before the physical does.
6-month range
Annualised volatility 19%In other units
Converted from 239.60 USD/t · indicative FX
About Corn
Corn is traded in the agriculture segment. The series on this page is the named public source, not a live feed. Physical parcels of Corn can be sourced or placed through the Off Market desk, listed openly on the Marketplace, or intermediated by a specialist broker.
- Animal feed
- Ethanol
- Starch & sweeteners