Michigan Corn Price — USDA NASS Monthly & MYA Data
Michigan Corn price reached $4.59/bu in August 2026 — about $0.14/bu above the US average of $4.45/bu. Monthly price received by producers, sourced directly from USDA NASS.
Corn monthly price trend
Michigan vs the US average, last 24 months of USDA NASS data
| Month | Michigan price | US average |
|---|---|---|
| 2020-01 | $3.92/bu | $3.79/bu |
| 2020-02 | $4.03/bu | $3.78/bu |
| 2020-03 | $3.73/bu | $3.68/bu |
| 2020-04 | $3.42/bu | $3.29/bu |
| 2020-05 | $3.50/bu | $3.20/bu |
| 2020-06 | $3.32/bu | $3.16/bu |
| 2020-07 | $3.45/bu | $3.21/bu |
| 2020-08 | $3.27/bu | $3.12/bu |
| 2020-09 | $3.39/bu | $3.41/bu |
| 2020-10 | $3.67/bu | $3.61/bu |
| 2020-11 | $3.76/bu | $3.79/bu |
| 2020-12 | $4.08/bu | $3.97/bu |
| 2021-01 | $4.29/bu | $4.24/bu |
| 2021-02 | $4.89/bu | $4.75/bu |
| 2021-03 | $4.97/bu | $4.89/bu |
| 2021-04 | $5.31/bu | $5.31/bu |
| 2021-05 | $5.85/bu | $5.91/bu |
| 2021-06 | $6.05/bu | $6.00/bu |
| 2021-07 | $6.05/bu | $6.12/bu |
| 2021-08 | $6.58/bu | $6.32/bu |
| 2021-09 | $5.48/bu | $5.47/bu |
| 2021-10 | $4.91/bu | $5.02/bu |
| 2021-11 | $5.12/bu | $5.26/bu |
| 2021-12 | $5.36/bu | $5.47/bu |
| 2022-01 | $5.47/bu | $5.58/bu |
| 2022-02 | $5.88/bu | $6.09/bu |
| 2022-03 | $6.40/bu | $6.56/bu |
| 2022-04 | $6.80/bu | $7.07/bu |
| 2022-05 | $7.01/bu | $7.26/bu |
| 2022-06 | $6.66/bu | $7.38/bu |
| 2022-07 | $6.50/bu | $7.25/bu |
| 2022-08 | $6.75/bu | $7.24/bu |
| 2022-09 | $6.67/bu | $7.09/bu |
| 2022-10 | $6.36/bu | $6.49/bu |
| 2022-11 | $6.11/bu | $6.49/bu |
| 2022-12 | $6.17/bu | $6.58/bu |
| 2023-01 | $6.36/bu | $6.63/bu |
| 2023-02 | $6.55/bu | $6.80/bu |
| 2023-03 | $6.16/bu | $6.67/bu |
| 2023-04 | $6.34/bu | $6.70/bu |
| 2023-05 | $6.04/bu | $6.54/bu |
| 2023-06 | $6.28/bu | $6.49/bu |
| 2023-07 | $5.85/bu | $6.22/bu |
| 2023-08 | $5.58/bu | $5.73/bu |
| 2023-09 | $5.31/bu | $5.21/bu |
| 2023-10 | $4.82/bu | $4.93/bu |
| 2023-11 | $4.29/bu | $4.66/bu |
| 2023-12 | $4.37/bu | $4.80/bu |
| 2024-01 | $4.33/bu | $4.74/bu |
| 2024-02 | $4.17/bu | $4.36/bu |
| 2024-03 | $4.33/bu | $4.36/bu |
| 2024-04 | $4.21/bu | $4.39/bu |
| 2024-05 | $4.40/bu | $4.51/bu |
| 2024-06 | $4.22/bu | $4.48/bu |
| 2024-07 | $4.12/bu | $4.23/bu |
| 2024-08 | $3.62/bu | $3.84/bu |
| 2024-09 | $3.62/bu | $3.97/bu |
| 2024-10 | $3.86/bu | $3.99/bu |
| 2024-11 | $3.83/bu | $4.07/bu |
| 2024-12 | $4.04/bu | $4.23/bu |
| 2025-01 | $4.29/bu | $4.29/bu |
| 2025-02 | $4.46/bu | $4.58/bu |
| 2025-03 | $4.45/bu | $4.57/bu |
| 2025-04 | $4.55/bu | $4.62/bu |
| 2025-05 | $4.61/bu | $4.64/bu |
| 2025-06 | $4.55/bu | $4.47/bu |
| 2025-07 | $4.44/bu | $4.29/bu |
| 2025-08 | $4.15/bu | $3.96/bu |
| 2025-09 | $4.10/bu | $4.00/bu |
| 2025-10 | $3.85/bu | $3.93/bu |
| 2025-11 | $3.76/bu | $3.98/bu |
| 2025-12 | $3.85/bu | $4.10/bu |
| 2026-01 | $4.09/bu | $4.12/bu |
| 2026-02 | $4.25/bu | $4.12/bu |
| 2026-03 | $4.31/bu | $4.27/bu |
| 2026-04 | $4.41/bu | $4.31/bu |
| 2026-05 | $4.53/bu | $4.48/bu |
| 2026-06 | $4.38/bu | $4.28/bu |
| 2026-07 | $4.43/bu | $4.26/bu |
| 2026-08 | $4.59/bu | $4.45/bu |
How Michigan compares
Top Corn-producing states, August 2026 price
| State | Price | vs US avg |
|---|---|---|
| North Carolina | $5.53/bu | +24.3% |
| Colorado | $5.16/bu | +16% |
| Pennsylvania | $5.09/bu | +14.4% |
| Tennessee | $4.9/bu | +10.1% |
| Indiana | $4.86/bu | +9.2% |
| Texas | $4.83/bu | +8.5% |
| Ohio | $4.82/bu | +8.3% |
| Kentucky | $4.81/bu | +8.1% |
What this price means for Michigan Corn farmers
Michigan corn averaged $4.59 per bushel in August 2026, sitting $0.14 above the national average of $4.45 for the same month. That premium over the US figure is largely a function of local basis conditions — transportation costs, elevator density, and regional competition among buyers — rather than any difference in grain quality. Looking beyond a single month, Michigan's current marketing-year-average price stands at $3.90 per bushel, a preliminary figure that trails last year's finalized MYA of $4.16 by $0.26. That year-over-year decline reflects the softer price environment that has characterized the 2025-26 marketing year and serves as an important backdrop for any revenue projections heading into the next production cycle.
When it comes to marketing decisions, the August monthly print of $4.59 can be a useful trigger point for evaluating forward contracts or cash sales, since it represents an actual tradeable price at a moment when basis may be favorable. However, locking in a forward contract based solely on one monthly observation carries risk, because individual months can swing meaningfully — Michigan prices ranged from $4.31 in March to $4.59 in August over just the past six months. The marketing-year-average is the number that belongs in your annual revenue plan, because it smooths out those monthly swings and reflects what bushels across the entire crop actually returned on average. Budgeting off the current preliminary MYA of $3.90 rather than a peak monthly price gives you a more conservative and defensible foundation for input cost recovery, land rent negotiations, and loan planning.
Revenue calculator
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Frequently asked questions — Michigan Corn price
Why is Michigan's corn price of $4.59/bushel higher than the US average of $4.45/bushel in August 2026?
Michigan's corn price sits $0.14/bushel above the national average primarily due to regional basis factors, including local elevator demand, transportation costs to end-use markets, and proximity to livestock and ethanol facilities in the Great Lakes region. Basis variations like this are normal and reflect supply-demand dynamics specific to Michigan's corn marketing infrastructure rather than differences in grain quality.
What is the difference between Michigan's August 2026 monthly corn price of $4.59/bushel and the marketing-year-average (MYA) price of $3.90/bushel?
The $4.59/bushel figure is the USDA-reported price received by Michigan farmers for a specific monthly reporting period in August 2026, while the $3.90/bushel MYA price represents the weighted average price across the entire September-to-August corn marketing year. The MYA price is the benchmark used by USDA's Farm Service Agency to calculate loan deficiency payments and crop insurance reference prices, making it the more relevant figure for evaluating full-season revenue and program eligibility.
How frequently does USDA update Michigan corn price data, and when should I expect the next revision?
USDA's National Agricultural Statistics Service (NASS) releases state-level corn prices monthly through the Agricultural Prices report, typically published on the last business day of the following month. MYA prices are revised as each monthly observation is added throughout the marketing year and are finalized only after the complete September-through-August cycle closes, so early-season MYA estimates can shift significantly as new monthly data accumulates.
How can I use Michigan's corn price data alongside yield estimates to project my expected revenue per acre?
Multiply your anticipated or actual yield in bushels per acre by the relevant price to estimate gross revenue; for example, a 180 bu/acre yield at Michigan's August 2026 price of $4.59/bushel projects to $826.20/acre, while using the $3.90/bushel MYA price would yield $702/acre, illustrating the sensitivity of revenue to price timing. Using the MYA price for full-season planning gives a more conservative and realistic revenue baseline, while the monthly price helps evaluate the potential advantage of specific cash sales or hedge-to-arrive contracts made during higher-priced windows.