Minnesota Corn Price — USDA NASS Monthly & MYA Data
Minnesota Corn price reached $4.12/bu in August 2026 — $0.33/bu below the US average of $4.45/bu. Monthly price received by producers, sourced directly from USDA NASS.
Corn monthly price trend
Minnesota vs the US average, last 24 months of USDA NASS data
| Month | Minnesota price | US average |
|---|---|---|
| 2020-01 | $3.59/bu | $3.79/bu |
| 2020-02 | $3.58/bu | $3.78/bu |
| 2020-03 | $3.49/bu | $3.68/bu |
| 2020-04 | $3.14/bu | $3.29/bu |
| 2020-05 | $3.09/bu | $3.20/bu |
| 2020-06 | $3.07/bu | $3.16/bu |
| 2020-07 | $3.04/bu | $3.21/bu |
| 2020-08 | $2.85/bu | $3.12/bu |
| 2020-09 | $2.95/bu | $3.41/bu |
| 2020-10 | $3.36/bu | $3.61/bu |
| 2020-11 | $3.58/bu | $3.79/bu |
| 2020-12 | $3.73/bu | $3.97/bu |
| 2021-01 | $3.92/bu | $4.24/bu |
| 2021-02 | $4.57/bu | $4.75/bu |
| 2021-03 | $4.73/bu | $4.89/bu |
| 2021-04 | $4.90/bu | $5.31/bu |
| 2021-05 | $5.34/bu | $5.91/bu |
| 2021-06 | $5.45/bu | $6.00/bu |
| 2021-07 | $5.69/bu | $6.12/bu |
| 2021-08 | $6.13/bu | $6.32/bu |
| 2021-09 | $5.65/bu | $5.47/bu |
| 2021-10 | $5.00/bu | $5.02/bu |
| 2021-11 | $5.19/bu | $5.26/bu |
| 2021-12 | $5.22/bu | $5.47/bu |
| 2022-01 | $5.23/bu | $5.58/bu |
| 2022-02 | $5.86/bu | $6.09/bu |
| 2022-03 | $6.33/bu | $6.56/bu |
| 2022-04 | $6.81/bu | $7.07/bu |
| 2022-05 | $6.80/bu | $7.26/bu |
| 2022-06 | $6.99/bu | $7.38/bu |
| 2022-07 | $6.95/bu | $7.25/bu |
| 2022-08 | $7.09/bu | $7.24/bu |
| 2022-09 | $7.13/bu | $7.09/bu |
| 2022-10 | $6.20/bu | $6.49/bu |
| 2022-11 | $6.28/bu | $6.49/bu |
| 2022-12 | $6.34/bu | $6.58/bu |
| 2023-01 | $6.47/bu | $6.63/bu |
| 2023-02 | $6.62/bu | $6.80/bu |
| 2023-03 | $6.47/bu | $6.67/bu |
| 2023-04 | $6.49/bu | $6.70/bu |
| 2023-05 | $6.33/bu | $6.54/bu |
| 2023-06 | $6.38/bu | $6.49/bu |
| 2023-07 | $6.11/bu | $6.22/bu |
| 2023-08 | $5.59/bu | $5.73/bu |
| 2023-09 | $5.16/bu | $5.21/bu |
| 2023-10 | $4.92/bu | $4.93/bu |
| 2023-11 | $4.70/bu | $4.66/bu |
| 2023-12 | $4.90/bu | $4.80/bu |
| 2024-01 | $4.85/bu | $4.74/bu |
| 2024-02 | $4.31/bu | $4.36/bu |
| 2024-03 | $4.26/bu | $4.36/bu |
| 2024-04 | $4.22/bu | $4.39/bu |
| 2024-05 | $4.36/bu | $4.51/bu |
| 2024-06 | $4.30/bu | $4.48/bu |
| 2024-07 | $4.13/bu | $4.23/bu |
| 2024-08 | $3.70/bu | $3.84/bu |
| 2024-09 | $3.89/bu | $3.97/bu |
| 2024-10 | $3.96/bu | $3.99/bu |
| 2024-11 | $4.00/bu | $4.07/bu |
| 2024-12 | $4.22/bu | $4.23/bu |
| 2025-01 | $4.20/bu | $4.29/bu |
| 2025-02 | $4.47/bu | $4.58/bu |
| 2025-03 | $4.45/bu | $4.57/bu |
| 2025-04 | $4.48/bu | $4.62/bu |
| 2025-05 | $4.44/bu | $4.64/bu |
| 2025-06 | $4.39/bu | $4.47/bu |
| 2025-07 | $4.15/bu | $4.29/bu |
| 2025-08 | $3.76/bu | $3.96/bu |
| 2025-09 | $3.82/bu | $4.00/bu |
| 2025-10 | $3.79/bu | $3.93/bu |
| 2025-11 | $3.83/bu | $3.98/bu |
| 2025-12 | $3.90/bu | $4.10/bu |
| 2026-01 | $3.87/bu | $4.12/bu |
| 2026-02 | $3.89/bu | $4.12/bu |
| 2026-03 | $3.99/bu | $4.27/bu |
| 2026-04 | $3.94/bu | $4.31/bu |
| 2026-05 | $4.17/bu | $4.48/bu |
| 2026-06 | $4.05/bu | $4.28/bu |
| 2026-07 | $3.99/bu | $4.26/bu |
| 2026-08 | $4.12/bu | $4.45/bu |
How Minnesota 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 Minnesota Corn farmers
Minnesota corn came in at $4.12 per bushel in August 2026, sitting $0.33 below the national average of $4.45 for the same month. That gap is largely a function of state-level basis factors — particularly transportation costs to terminal markets and the competitive dynamics among local elevators — rather than any reflection of crop quality or agronomic performance in the state. Compared to last year's finalized marketing-year-average of $4.18 per bushel, the current MYA of $3.95 represents a decline of $0.23, a meaningful step down that signals softer market conditions across the full crop year. While the current MYA is still preliminary and subject to revision as the marketing year closes out, producers should treat that $3.95 figure as a reasonable working estimate of where the season is trending.
For marketing and revenue planning purposes, the distinction between a single monthly price and the marketing-year-average matters considerably. The August print of $4.12 per bushel may look attractive relative to spring lows like the $3.94 recorded in April, and locking in a forward contract off a strong monthly figure can make sense as a tactical move when basis and futures align favorably. However, budgeting annual revenue off any one monthly price — high or low — introduces real risk, since individual months can swing well outside the range the MYA ultimately settles at. The MYA of $3.95 is the number that best represents what Minnesota corn growers are collectively receiving across all sales throughout the year, making it the appropriate foundation for whole-farm income projections, operating loan discussions, and crop insurance revenue benchmarks.
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Frequently asked questions — Minnesota Corn price
Why is Minnesota's corn price $4.12/bushel in August 2026 when the US average is $4.45/bushel?
Minnesota corn trades at a $0.33/bushel discount to the national average, a difference known as basis, which reflects regional supply-demand conditions, local elevator margins, and transportation costs to end-use markets. Minnesota's proximity to upper Midwest ethanol plants and export corridors can shift this basis month to month, so monitoring it alongside Chicago Board of Trade futures helps you time cash sales more effectively.
What is the difference between Minnesota's August 2026 corn price of $4.12/bushel and the marketing-year-average price of $3.95/bushel?
The $4.12/bushel figure is the USDA-reported monthly price received by farmers in Minnesota for August 2026, while the $3.95/bushel marketing-year-average (MYA) represents the weighted average price across the entire September-to-August marketing year. Because the MYA blends prices from all months weighted by the volume sold, it is the figure used in crop insurance revenue calculations and USDA farm program payment determinations, making it a critical benchmark for end-of-year financial planning.
How frequently does USDA update Minnesota corn price data, and where does it come from?
USDA's National Agricultural Statistics Service (NASS) releases monthly prices-received estimates, typically in the Agricultural Prices report published near the end of each month for the prior month. The data are collected through surveys of grain elevators and farmers across Minnesota, so each monthly print is subject to a small revision as additional survey responses are received.
How can I use Minnesota's corn price data alongside yield estimates to project gross revenue per acre?
To estimate gross revenue, multiply your expected or actual yield (bushels per acre) by the relevant price—use the current monthly price of $4.12/bushel for near-term cash sales projections, or the MYA of $3.95/bushel for a full-season average revenue estimate. For example, a 200 bu/acre yield at the MYA price yields an estimated $790/acre in gross revenue, giving you a baseline to compare against your cost of production and evaluate whether forward contracting additional bushels at current prices improves your margin.