For the Quarter Ending June 2026
Maize (Corn) Prices in North America
- In USA, Maize Price Index rose by 3.01% quarter-over-quarter, driven by fertiliser costs, ethanol demand.
- The average Maize price for the quarter was approximately USD 228.33/MT, reflecting diesel fertiliser trends.
- Maize Spot Price eased as uninterrupted interior barge flows narrowed Gulf, Pacific Northwest basis differentials.
- Maize Price Forecast points to modest near-term weakness as seasonal harvest arrivals pressure export premiums.
- Maize Production Cost Trend eased as ammonia and diesel quotations fell, reducing growers' replacement-cost expectations.
- Maize Demand Outlook steady from feed and ethanol sectors, while export inquiry softened toward Asia.
- Maize Price Index volatility narrowed as comfortable inventories and improved crop ratings tempered speculative buying.
- Elevator origination capacity tightened after record rail volumes, yet sufficient inland stocks constrained export-driven rallies.
Why did the price of Maize change in June 2026 in North America?
- Improved Midwest weather accelerated crop development, boosting new-crop supply expectations and pressuring nearby Maize prices.
- Declining ammonia and diesel quotations reduced production cost pressures, lowering growers' breakeven, prompting forward selling.
- Export demand softened as competitive Brazilian offers and USMCA GM corn talks delayed Mexican purchases.
Maize (Corn) Prices in APAC
- In South Korea, the Maize Price Index rose by 4.59% quarter-over-quarter, driven by higher freight.
- The average Maize price for the quarter was approximately USD 266/MT, reflecting elevated freight premiums.
- Improved US and Brazilian offers pressured the Maize Spot Price, easing landed cost for importers.
- Maize Price Forecast points to mild declines as abundant origin supplies meet cautious import buying.
- Earlier higher rates elevated the Maize Production Cost Trend, but recent freight retreat reduced costs.
- Maize Demand Outlook remained subdued as feedmakers substituted cheaper wheat and drew down accumulated inventories.
- Domestic procurement slowed, leaving the Maize Price Index susceptible to further softening amid ample offers.
- Competitive Brazilian and Black Sea offers expanded availability, prompting sellers to accept lower spot quotations.
Why did the price of Maize change in June 2026 in APAC?
- Improved US and Brazilian export availability increased offers, diluting import competition and pressuring import prices.
- Demand from feedmills and substitution to cheaper wheat reduced buying urgency and softened spot pricing.
- Exchange rate weakness and freight volatility partly offset origin cost relief, increasing landed cost risk.
China
- In China, the Maize Price Index fell by 3.91% quarter-over-quarter, reflecting easing import parity pressures.
- Maize Spot Price drifted lower amid steady Brazilian arrivals, keeping coastal silo inventories comfortably supplied.
India
- In India, the Maize Price Index rose by 20.77% quarter-over-quarter, driven by tighter spot arrivals.
- Local Maize Spot Price firmed as constrained arrivals and ethanol demand prompted active mandi buying.
Maize (Corn) Prices in Europe
- In Spain, the Maize Price Index rose by 2.76% quarter-over-quarter, driven by firmer import offers.
- The average Maize price for the quarter was approximately USD 272.67/MT, reflecting steady feed demand.
- Maize Spot Price eased in June as ample Brazilian and Ukrainian arrivals pressured FOB offers.
- Maize Price Forecast indicates subdued near-term prospects due to competitive import offers and portside inventories.
- Maize Production Cost Trend improved as international urea prices fell, lowering fertilizer-driven expenses for exporters.
- Maize Demand Outlook in Spain softened as hog and poultry margins narrowed, reducing compound-feed procurement urgency.
- Spain's Maize Price Index reflected hand-to-mouth buying and modest port inventories supporting occasional seller leverage.
- Export competition from Black Sea and South American origins intensified, pressuring margins and weakening CIF purchase bids.
Why did the price of Maize change in June 2026 in Europe?
- Ample Brazilian and Ukrainian arrivals increased exportable supply, prompting sellers swiftly to trim offer levels.
- Domestic feed consumption cooled as hog margins narrowed, reducing immediate procurement and spot enquiries materially.
- Lower fertilizer prices improved production economics, while normal vessel turnaround avoided logistical premium escalation significantly.
France
- In France, the Maize Price Index rose by 7.77% quarter-over-quarter, reflecting tighter domestic supply conditions.
- Maize Spot Price remained steady as port operations stayed normal and prompt availability balanced demand.
Italy
- In Italy, the Maize Price Index rose by 2.05% quarter-over-quarter, reflecting balanced arrivals and demand
- Maize Spot Price eased as Black Sea, Danube export offers widened, pressuring Genoa CIF terms
MEA
- In South Africa, the Maize Price Index fell by 1.46% quarter-over-quarter, reflecting modest export rebalancing.
- The average Maize price for the quarter was approximately USD 202/MT, reflecting steady export demand.
- Maize Spot Price remained subdued as harvest volumes, competitive offers, and ample inventories limited upside.
- The Maize Price Forecast indicates moderate movement as comfortable supply and muted Asian buying persist.
- Maize Production Cost Trend stayed contained as fertiliser and diesel quotations remained stable this quarter.
- Maize Demand Outlook remained steady with regional feed and milling consumption offsetting weaker Asian purchases.
- Commercial stocks near the three-year mean supported the Price Index, preventing sharp downside during harvest.
- Port and terminal operations remained normal, enabling steady shipments and moderating Maize Price Index volatility.
Why did the price of Maize change in June 2026 in MEA?
- Ample harvest volumes expanded exportable surplus, reducing buyer urgency and capping upside for export-reference prices.
- Fertiliser and diesel costs remained contained, limiting production cost pressure and preventing cost-driven price increases.
- Regular port throughput and regional demand supported shipments, while muted Asian buying restrained price gains.
South America
- In Brazil, the Maize Price Index fell by 0.61% quarter-over-quarter, reflecting abundant safrinha arrivals and export enquiry.
- The average Maize price for the quarter was approximately USD 217.33/MT, supported by steady domestic production economics.
- Physical market evidence showed Maize Spot Price pressure as port throughput and elevator stocks compressed inland premiums.
- Exporters adjusted offers; Maize Price Forecast models reflect seasonal harvest flows and competitive Black Sea arbitrage.
- Stable fertiliser and freight kept Maize Production Cost Trend contained, limiting upward pressure on farm-gate selling.
- Domestic processing and ethanol demand supported volumes but Maize Demand Outlook remained insufficient to offset export weakness.
- Inventory drawdowns and expanded port capacity affected the Maize Price Index by shortening queues, lowering demurrage risk.
- Operational continuity at crushers and rail fleet additions sustained flows, keeping sellers competitive and price downside intact.
Why did the price of Maize change in June 2026 in South America?
- Abundant safrinha harvest arrivals increased exportable supply, directly pressuring FOB bids and softening the Price Index.
- Weaker overseas buying after prior cover and competitive Black Sea offers reduced arbitrage, weighing on the Spot Price.
- Stable fertiliser and logistics costs contained production cost pressures, ample capacity amplified seller willingness to lower offers.
Argentina
- In Argentina, the Maize Price Index fell by 5.12% quarter-over-quarter, amid abundant harvest, weak exports
- Elevator inventories swelled, pressuring the Maize Spot Price and weakening nearby bids for prompt delivery.
For the Quarter Ending March 2026
Maize (Corn) Prices in North America
- In the USA, the Maize Price Index rose by 6.23% quarter-over-quarter, driven by export demand.
- The average Maize price for the quarter was approximately USD 221.67/MT, reflecting firm Pacific demand.
- Maize Spot Price at Los Angeles tightened as railcar shortages elevated Price Index and premia.
- Maize Price Forecast points to firming as exporters balance ample supply with steady export enquiries.
- Maize Production Cost Trend subdued; nitrogen fertiliser prices eased, limiting downward pressure on Price Index.
- Maize Demand Outlook supported by ethanol grind and robust export demand from Mexico and Japan.
- Pacific basis strength and vessel loadings pushed the Maize Price Index higher despite ample stocks.
- Inventory draws at coastal terminals and forward bookings preserved exporter discipline reflected in Price Index.
Why did the price of Maize change in March 2026 in North America?
- Temporary rail and river logistics constraints tightened Los Angeles spot availability, supporting higher FOB offers.
- Export demand from Mexico and Japan absorbed volumes, offsetting record domestic production and supporting basis.
- Lower fertilizer costs improved producer margins, reducing urgent selling and contributing to modest price firmness.
Maize (Corn) Prices in APAC
- In South Korea, the Maize Price Index rose by 6.12% quarter-over-quarter, driven by firmer freight.
- The average Maize price for the quarter was approximately USD 254.33/MT across Busan CFR assessments.
- Export availability and container freight shifts influenced the Maize Spot Price and local landed competitiveness.
- Supply-side comfort kept the Maize Price Index range narrow overall, despite modest logistical cost increases.
- Maize Production Cost Trend showed upward pressure from ocean freight and fuel, influencing CFR offers.
- Maize Demand Outlook remains steady from compound-feed and starch sectors, underpinning sustained import activity domestically.
- Market models incorporate the Maize Price Forecast showing near-term firmness, moderate corrections as inventories adjust.
- Port operations and timely discharges limited short-term tightness, constraining volatility in the Maize Price Index.
Why did the price of Maize change in March 2026 in APAC?
- Higher ocean freight increased landed costs, offsetting USDA stock gains and softening downside pressure further.
- Stable domestic feed demand sustained buying, largely keeping import parity firm despite improved global supplies.
- Timely port operations and neutral currency movements kept logistics smooth, thereby preventing sharper price declines.
Maize (Corn) Prices in Europe
- In Spain, the Maize Price Index rose by 2.71% quarter-over-quarter, due to tight Atlantic supply.
- The average Maize price for the quarter was approximately USD 265.33/MT, reported by Barcelona importers.
- Maize Spot Price reflected constrained Atlantic cargoes and port stocks, prompting firmer bidding from feed mills.
- Maize Price Forecast showed firmness as production downgrades and logistical risks supported higher landed offers.
- Maize Production Cost Trend remained elevated from rising freight insurance and energy and fertiliser pressures.
- Maize Demand Outlook is steady as Spanish compound-feed intake and starch processing maintain procurement schedules.
- Inventory draws at Barcelona and Tarragona tightened the Maize Price Index, reducing available cargoes and supporting premiums.
- Export demand and port inventory tightness, with vessel turnaround, sustained firmer offers from Panamax exporters.
Why did the price of Maize change in March 2026 in Europe?
- Atlantic-origin supply tightened after weather downgrades in Brazil and Ukraine, reducing Panamax cargoes to Spain.
- Resilient feed demand and procurement ahead of summer cycles increased importers' willingness to pay premiums.
- Elevated freight insurance and logistical bottlenecks raised landed costs, constraining competitive offers and supporting prices.
Maize (Corn) Prices in MEA
- In South Africa, the Maize Price Index fell by 2.69% quarter-over-quarter, reflecting tighter exportable supply.
- The average Maize price for the quarter was approximately USD 205.00/MT, delivered via Durban export terminals.
- Port-side tightness lifted the Maize Spot Price, supporting exporter offers despite abundant interior on-farm stocks nearby.
- Maize Price Forecast indicates mild upside risk as regional buying and logistical friction constrain coastal availability.
- Rising diesel and fertiliser costs influenced the Maize Production Cost Trend, pressuring grower margins, selling decisions.
- Maize Demand Outlook remains positive for regional feed, food sectors, driven by Zimbabwean and Mozambican procurement.
- Inventory drawdowns at port tightened offers, pushing the Maize Price Index higher for short-term export contracts.
- Intermittent rail disruptions and power cuts constrained vessel loadings, moderating FOB Durban throughput, exporter pricing power.
Why did the price of Maize change in March 2026 in MEA?
- Export demand from neighbouring countries increased purchases, absorbing port stocks and supporting firmer Durban free-on-board offers.
- Rail allocation shortfalls, scheduled power outages reduced vessel loadings, tightening coastal availability and pressuring supply.
- Global CBOT futures steadiness limited international benchmark support, while regional logistics created localized upward price pressure.
Maize (Corn) Prices in South America
- In Brazil, the Maize Price Index rose by 4.13% quarter-over-quarter, driven by export demand and input costs.
- The average Maize price for the quarter was approximately USD 218.67/MT, reflecting export demand and logistical flows.
- Maize Spot Price firmed on tighter prompt availability, while the Price Index signalled renewed exporter confidence.
- Maize Price Forecast shows modest upside into April as exporters leverage active Asian and European demand.
- Maize Production Cost Trend rose with higher urea and diesel costs, tightening margins for exporters.
- Maize Demand Outlook remains constructive as Chinese and EU feed buying and ethanol growth sustain export interest.
- Maize Price Index stayed firm as exporters managed stocks amid steady port flows and competitive global offers.
- Port inventories, vessel line-ups cushioned volatility, keeping prompt FOB offers realistic against Gulf Black Sea competition.
Why did the price of Maize change in March 2026 in South America?
- Improved harvest progress and ample carry-in stocks increased exportable availability, tempering seller behaviour and pricing pressure.
- Higher diesel and fertiliser import costs elevated production and haulage expenses, enabling exporters to pass costs.
- Firm Chinese and EU buying absorbed prompt volumes, tightening immediate availability and supporting March price gains.
For the Quarter Ending December 2025
North America
- In the USA, the Maize Price Index rose by 3.47% quarter-over-quarter, reflecting Pacific-coast basis strength.
- The average Maize price for the quarter was approximately USD 208.67/MT and tighter export availability.
- Maize Spot Price firmed in Los Angeles as river constraints redirected shipments, tightening coastal supply.
- Maize Price Forecast signals near-term firmness supported by export bookings, then potential post-harvest seasonal easing.
- Maize Production Cost Trend improved with lower diesel and fertiliser costs, reducing farm-to-port haulage pressures.
- Maize Demand Outlook remained robust from export programs and biofuel consumption, supporting sustained offtake domestically.
- Maize Price Index reflected coastal premiums and export inspection strength, while inland stocks accumulated persistently.
- Exporters adjusted offers to clear shipments; elevators and rail experienced longer turnarounds, constraining export volumes.
Why did the price of Maize change in December 2025 in North America?
- River and rail delays limited prompt coastal loadings, tightening supply and lifting Los Angeles prices.
- Elevated export inspections and stronger bookings increased demand pull, outweighing record harvest's bearish headline impact.
- Lower diesel and fertiliser costs reduced production pressures slightly, but transport bottlenecks outweighed cost relief.
APAC
- In South Korea, the Maize Price Index rose by 0.91% quarter-over-quarter, reflecting restrained buyer activity.
- The average Maize price for the quarter was approximately USD 294.33/MT, reflecting restrained procurement activity.
- Maize Spot Price remained rangebound as Panamax freight and won-dollar stability limited landed cost volatility.
- Maize Price Forecast indicates near-term range-bound movement as abundant origin availability offsets local buying urgency.
- Maize Production Cost Trend showed minimal upward pressure as freight and handling charges remained contained.
- Maize Demand Outlook remains modestly supportive with feed and starch processors maintaining forward coverage overall.
- Maize Price Index signalled neutral-to-firm tone as steady importer purchases balanced plentiful timely exporter offers.
- Major feed and starch mills operated near capacity, underpinning maize uptake and limiting price declines.
Why did the price of Maize change in December 2025 in APAC?
- Ample global exportable supplies limited upside, offering competitive origin alternatives and capping local price gains.
- Importer inventory buffers reduced procurement urgency, muting demand pull despite routine feed and starch consumption.
- Contained freight and stable won-dollar exchange prevented landed cost shocks, supporting neutral December pricing outcomes.
Europe
- In Spain, the Maize Price Index fell by 4.08% quarter-over-quarter, reflecting abundant inventories reducing procurement.
- The average Maize price for the quarter was approximately USD 258.33/MT, reflecting seasonal procurement patterns.
- Maize Spot Price firmed after Black Sea availability reduced, pushing buyers toward South American cargoes.
- Maize Price Forecast remains cautiously bullish given sustained origin tightness and steady winter feed demand.
- Maize Production Cost Trend showed muted pressure; ocean freight flat while inland haul costs rose.
- Maize Demand Outlook steady; compounders replenished autumn pipelines while postponing most January import buying temporarily.
- Importer inventory cushions initially pressured the Maize Price Index, but December constraints reversed downward momentum.
- Ports handled shipments smoothly, yet longer inland hauls and higher diesel increased delivered maize costs.
Why did the price of Maize change in December 2025 in Europe?
- Reduced Black Sea shipments tightened origin availability, forcing buyers toward pricier origins, lifting landed costs.
- High importer inventories earlier in quarter limited procurement, keeping downward pressure until end quarter disruptions.
- Euro-dollar moves and higher inland transport costs increased landed maize prices despite stable freight rates.
MEA
- In South Africa, the Maize Price Index fell by 13.07% quarter-over-quarter amid weak export demand.
- The average Maize price for the quarter was approximately USD 210.67/MT, confirmed officially by exporters.
- Maize Spot Price remained pressured as the Price Index reflected ample inventory and subdued demand.
- Maize Price Forecast anticipates upside as Maize Production Cost Trend stays stable, reducing upward pressure.
- Maize Demand Outlook signals selective restocking, leaving the Price Index sensitive to nearby export bookings.
- Exporters trimmed Maize Spot Price offers amid carryover stocks while input cost pressures stayed subdued.
- Short-term Maize Price Forecast hinges on Asian buying; Maize Demand Outlook improves with stronger enquiries.
- Maize Price Index vulnerable to harvest overhang; Production Cost Trend stable, leaving volumes driving moves.
Why did the price of Maize change in December 2025 in MEA?
- Bumper harvest expanded immediate supply, reducing urgency among exporters and pressuring spot and FOB quotations.
- Softer international corn futures narrowed arbitrage, lowering export parity and discouraging higher local Maize offers.
- Functional port operations and stable input costs removed logistical and cost-push support for firmer prices.
South America
- In Brazil, the Maize Price Index rose by 6.42% quarter-over-quarter, reflecting stronger export demand and limited inventories.
- The average Maize price for the quarter was approximately USD 210.00/MT, recorded FOB Paranagua reflecting steady export parity.
- Maize Spot Price remained narrowly ranged in December while the Price Index held near recent export-parity levels.
- Maize Price Forecast suggests modest oscillations driven by seasonal procurement and anticipated safrinha harvest timing.
- Maize Production Cost Trend remains supportive as elevated fertiliser and freight costs sustain higher replacement cost expectations.
- Maize Demand Outlook stays firm from feed and ethanol sectors, underpinning FOB firmness despite abundant national crop forecasts.
- Port inventories and efficient Paranagua handling limited logistical premia, supporting a stable Maize Price Index during December.
- Exporter willingness to pay inland freight propped the Maize Spot Price and constrained downstream bargaining power.
Why did the price of Maize change in December 2025 in South America?
- Strong export demand coupled with limited elevator drawdowns kept export parity firm, raising FOB calculations modestly.
- Elevated inland freight and above-average fertiliser costs pushed replacement costs higher, supporting seller price resistance.
- Abundant national crop prospects and cautious buyer behaviour limited urgency, keeping December price movement narrowly range-bound.
For the Quarter Ending September 2025
North America
- In USA, the Maize Price Index fell by 3.51% quarter-over-quarter in Q3 2025, due to inventory buildup.
- The average Maize price for the quarter was approximately USD 201.67/MT.
- Maize Spot Price eased modestly on steady domestic supply while export demand remained active, smoothing the Price Index slightly.
- Maize Price Forecast remains stable as harvest progresses and imports balance potential price uplift, reflected in Price Index stability.
- Maize Production Cost Trend remained contained due to favorable weather and steady energy costs, supporting a non-volatile Price Index.
- Maize Demand Outlook in North America remains steady across animal feed, starch processing, and bioethanol, supporting Price Index balance.
- Export and inland logistics performance supported price stability, with inventories drawn down gradually, aiding Price Index alignment with demand.
- Market sentiment remains cautious, with buyers prioritizing forward contracts to mitigate risks amid potential December price shifts and volatility.
- Supply discipline from exporters and steady downstream demand may support gradual price appreciation, reflected in a firmer Price Index.
Why did the price of Maize change in September 2025 in North America?
- Supply factors, demand steadiness, and logistics shaped September movement.
- Cost pressures and inventory levels contributed to change overall.
- Market dynamics and logistics constraints helped explain September movement.
South America
- In Brazil, the Maize (Corn) Price Index fell by 10.84% quarter-over-quarter, reflecting harvest-driven oversupply and inventory build.
- The average Maize (Corn) price for the quarter was approximately USD 197.33/MT.
- Maize Spot Price softened amid harvest abundance and inventory build, while the Price Index showed bearish momentum.
- Maize Price Forecast signals moderated upside risk in Q4 as supply remains ample and resilient.
- Maize Production Cost Trend remains weighed by transport and handling costs, but favorable yields cushion margins.
- Maize Demand Outlook remains stable, with feed, ethanol, and starch sectors anchoring steady volumes despite price volatility.
- Maize Spot Price dynamics in September reflect seasonal export liquidity, with cautious buying and selective forward contracting.
- Price Index signals suggest inventory normalization will influence prices through Q4, guiding buyers toward short-term transactional activity.
- Exporters will adjust offers as global sentiment shifts, balancing margins with market-facing volume commitments.
Why did the price of Maize (Corn) change in September 2025 in South America?
- Supply glut from the harvest weighed on prices despite steady domestic demand.
- Logistics and port operations remained smooth, reducing transport constraints and price volatility.
- Exporters discounted offers to clear inventories ahead of Q4 seasonal demand.
MEA
- In South Africa, the Maize Price Index fell by 8.55% quarter-over-quarter, in Q3 2025, due to harvest-driven oversupply.
- The average Maize price for the quarter was approximately USD 242.33/MT, reflecting harvest adjustments.
- Maize Spot Price softened alongside harvest-driven gains, signaling ample export-ready stock and muted near-term price pressure.
- Maize Price Forecast remains cautious, with Price Index softer amid inventory overhang and ongoing storage cost considerations and policy signals.
- Maize Production Cost Trend signals pressure from regional input costs and fuel logistics, compressing margins somewhat.
- Maize Demand Outlook remains stable in domestic channels and modest in exports, limiting upside for prices amid competition.
- Maize Price Index indicates a price drift, reflecting export discounting, stock clearance, and cautious buying patterns globally.
- Supply-side pressure continues, with producers maintaining selective discounts while inventories gradually normalize toward year-end.
Why did the price of Maize change in September 2025 in MEA?
- Strong harvest and large inventories pressured prices downward, despite steady domestic demand.
- Export discounts and easy logistics allowed continued stock liquidation without sharp demand drops.
- Seasonal harvest timing and regional stock overhang limited upside, keeping prices soft into Q4.
APAC
- In South Korea, the Maize Price Index rose 0.69% quarter-over-quarter in Q3 2025 amid tight inventories and steady demand.
- The average Maize price for the quarter was approximately USD 291.67/MT.
- Maize Spot Price edged higher amid steady import demand and strategic procurement activities, supported by favorable logistics.
- Maize Price Forecast indicates gradual upside risk as Q4 supply remains balanced and timelines align with seasonal demand patterns.
- Maize Production Cost Trend remains stable, supported by favorable feedstock costs and efficient logistics across key import routes.
- Maize Demand Outlook remains steady across starch, feed, beverage, and pharmaceutical sectors, with resilient downstream utilization.
- Maize Price Index shows a mild uptick due to import assurance and stable costs, despite seasonal headwinds.
Why did the price of Maize change in September 2025 in APAC?
- Persistent import demand and tight inventories constrained by strong starch and feed sector consumption patterns amid high intake.
- Strategic procurement like NOFI tender anchored sentiment and limited price volatility across months, stabilizing importing firms.
- Stable logistics and absence of supply shocks kept prices on a modest incline despite volatility in earlier months globally.
Europe
- In Spain, the Maize Price Index rose by 3.06% quarter-over-quarter, in Q3 2025, due to balanced supply dynamics.
- The average Maize price for the quarter was approximately USD 269.33/MT, reflecting modest monthly gains.
- Maize Spot Price remained firm as import flows supported steady consumption, despite varying origin offers.
- Maize Price Forecast remains cautious amid balanced supply and seasonal demand, with potential inventory-related shifts.
- Maize Production Cost Trend faces modest pressure from feedstock costs and transport, constraining margins in Q3 period.
- Maize Demand Outlook stays supportive from food and beverage sectors, feed mills and bioethanol blending needs.
- Maize Price Index maintains an elevated tone as importers hedge volumes amid steady demand and supply discipline.
Why did the price of Maize change in September 2025 in Europe?
- Supply-demand balance tightened import coverage, easing urgency and supporting a modest price uptick in September across sectors and regions.
- Elevated origin offers and drought-impaired yields kept Maize Spot Price firm through September in Europe, resisting declines globally today.
- Logistics stability and steady downstream demand reduced volatility, contributing to a cautious Price Index environment for autumn ahead today.
