Trade Talk: High Exports, Low Prices

Lyndi Allen
October 30, 2025

High Export Volumes, Low Farm Returns

Corn exports continue to increase at record high volumes, but the value is at a stark low. Burdensome global supplies of corn have weighed on markets. Despite the strong export demand, the average price of corn received by Illinois farmers in marketing year 2024/2025 decreased $0.16 per bushel from marketing year 2023/2024—a four percent decrease.


U.S. corn remains competitive in the global market, but its value has not been sufficient enough to cover farmers' expenses. Farmers are still facing high input costs that haven’t returned to pre-pandemic levels, making the current price decline especially painful.

World Agricultural Supply and Demand Estimates (WASDE) are on hold due to the government shutdown. Once those reports are released, corn prices may shift. Until we can read the WASDE report again, investigate corn and corn co-product exports for yourself using the U.S. Grains and BioProducts Council’s tool.


As it stands now, U.S. corn exports are expected to be another record-setting volume at 2.97 billion bushels for the 2025/2026 marketing year, compared to the 2024/2025 record at 2.83 billion bushels. Despite a high expected volume of 2025/2026, the expected value is lower at $14.9 billion, compared to 2024/2025 exports at $15.9 billion.

Graph: Corn export volume vs. value. Volume (bars) higher than value (dashed line) from 2007-2023.

Illinois exports a larger share of its corn than most other Midwestern states—about 30% of our corn crop is destined for foreign markets. A significant portion of our ethanol, dried distiller's grain solubles (DDGS), and pork production leaves the state as well. Illinois’ natural resources and infrastructure help make us a top origin for foreign and domestic shipments.


Lower crop values are hindering farmers' ability to profit despite the export market demand. Farmers need competitive, market-driven demand to provide outlets for corn at profitable prices. Opportunities to grow demand must include high-volume markets that will lead to a significant enough demand to increase corn prices. A domestic opportunity to drive demand is expanding the use of higher ethanol blends, including passing legislation like the Nationwide Consumer and Fuel Retailer Choice Act of 2025 (year-round E15).


IL Corn continues to push Congress to pass legislation that will benefit corn farmers, despite the government shutdown. We will continue to monitor the effects of the government shutdown on farmers as well as legislative opportunities to drive U.S. corn demand. 

cover crops in an Illinois field
July 16, 2026
2026 Cover Crop Coupon is here. New seed suppliers and application discounts give Illinois farmers more options to save on conservation practices.
Todd Jansen and Laura Gentry
By Tara Desmond July 16, 2026
Ag lawyer Todd Jansen explains Ag Data Transparent, a nonprofit helping farmers understand who owns and controls their farm data before signing contracts.
U.S. Capitol building at sunrise, with the dome centered against a pale sky.
By Lyndi Allen July 16, 2026
Farmer leaders of the IL Corn Growers Association advocated for their peers on Capitol Hill in Washington, DC. The National Corn Growers Association (NCGA) also held its annual Corn Congress
Jim Isermann on his farm
By Tara Desmond & Jim Isermann July 14, 2026
Thinking about planting cover crops ahead of corn? Soil Health Specialist Jim Isermann shares practical tips on species selection, timing and management for success.
corninillinois
By Tara Desmond July 9, 2026
Top read stories in June
By Tara Desmond July 9, 2026
When Shane Gray sat down with Monica Ognio for this episode of IL Corn TV , they quickly discovered they had more in common than corn and onions. Monica farms with her family in Lima, Peru, where they've grown onions for export for more than 40 years. Their operation also raises sweet potatoes, pecans, pomegranates, strawberries and grapes for pisco on land transformed from desert through reservoirs, wells and drip irrigation. "You can have on one side the whole desert, and then you turn to the other side," she says. A Shared Passion for Teaching and Farming Like Shane, Monica has balanced farming with a career in education, teaching at an international school. Their shared experiences led to a conversation about women in agriculture, global markets and what it takes to produce a high-quality crop. Monica joined the Global Farmer Network after a chance conversation during a farm visit and now connects with farmers worldwide to share ideas on food security, weather challenges and everyday farming solutions. "Having a firsthand connection with somebody... that's a privilege," she says. Farming Challenges Know No Borders With 2026 recognized as the International Year of the Woman Farmer, Monica reflected on becoming a second-generation farmer and encouraged others to build strong teams and rely on trusted experts. "It doesn't matter your age, it doesn't matter the gender," she says. "If you really look at agriculture as an opportunity, there are lots of things that you can do." Many of the challenges she faces mirror those in Illinois, including unpredictable weather, rising input costs, pest pressure and meeting strict export standards where even a small blemish can keep an onion out of the international market. Watch or listen to the full conversation on IL Corn TV to hear more about farming Peru's desert coastline, exporting to a changing global market and the lessons Monica has learned along the way.
Show More