Global price of Corn
This dataset tracks global price of corn over time.
Latest Value
195.72
Year-over-Year Change
2.34%
Date Range
1/1/1990 - 6/1/2025
Summary
The global price of corn is a key indicator of agricultural commodity prices and global food supply. It reflects the international market dynamics for this staple crop.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The global price of corn, as measured by the Maize price index, tracks the benchmark price for corn on international markets. It is widely used by economists, policymakers, and agribusinesses to assess global food security and inflationary pressures.
Methodology
The data is collected and calculated by the World Bank.
Historical Context
The corn price index is an important input for economic forecasting, trade policy, and food aid programs.
Key Facts
- Corn is the world's most widely grown cereal crop.
- Global corn production totaled over 1.1 billion metric tons in 2021.
- The United States is the world's largest producer and exporter of corn.
FAQs
Q: What does this economic trend measure?
A: The global price of corn index measures the benchmark international market price for this key agricultural commodity.
Q: Why is this trend relevant for users or analysts?
A: The corn price index is a crucial indicator of global food supply, agricultural commodity inflation, and international trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on international commodity price surveys.
Q: How is this trend used in economic policy?
A: The corn price index informs trade policy, food aid programs, and macroeconomic forecasting by governments and international institutions.
Q: Are there update delays or limitations?
A: The corn price index data is published monthly with a short lag, and may be subject to revisions based on updated commodity market information.
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Citation
U.S. Federal Reserve, Global price of Corn (PMAIZMTUSDM), retrieved from FRED.