Corn Oil Price Trend Analysis 2026: Historical Prices, Price Drivers, Market Insights, Latest News & Supply Demand Analysis

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Written BySiddharth David

Corn Oil Latest Development

Corn futures hit multiyear highs

Corn futures rose to their highest level in over three years, driven by tighter U.S. supply expectations following a USDA WASDE report that cut yield forecasts more than anticipated, along with continued disruptions to Ukrainian grain exports constraining global supply. Extreme July heat and excessive rainfall across the U.S. Corn Belt further pressured crop outlooks, while European drought reduced regional production and boosted import demand, reinforcing the upward price momentum.

Corn Futures Hit Multi-Year High

December corn futures rose to a 2.5-year high for the contract, posting strong weekly gains. A weaker U.S. dollar and large daily export sales provided additional upward momentum alongside the crop tour results.

Corn Oil Latest Prices August 2026

Product Region Incoterm Basis Price Last Updated Month
Corn Oil USA FOB USD 1,587.00/MT August 2026
Corn Oil India CIF USD 1,668.00/MT August 2026
Corn Oil China CIF USD 1,658.00/MT August 2026
Corn Oil Australia CIF USD 1,690.00/MT August 2026
Corn Oil Germany CIF USD 1,642.72/MT August 2026
Corn Oil USA FOB USD 1,702.00/MT July 2026
Corn Oil India CIF USD 1,783.00/MT July 2026
Corn Oil China CIF USD 1,773.00/MT July 2026
Corn Oil Australia CIF USD 1,805.00/MT July 2026
Corn Oil Germany CIF USD 1,757.72/MT July 2026

Stay updated with the latest Corn Oil prices, historical data, and tailored regional analysis

Corn Oil Price Trend Q3 2026

  • Corn Oil prices fell in Q3 2026 as weak corn costs and slow buying pushed import offers lower.
  • Corn feedstock stayed soft due to state grain sales, cheaper substitute grains and new-crop supply, which reduced production costs for oil makers.
  • Downstream demand was weak, as processors cut output for maintenance and buyers purchased only for immediate needs.

In China, the average prices of Corn Oil were ~USD 1,773.00/MT (CIF) in July and ~USD 1,658.00/MT in August, showing a ~6.5% decrease. India saw a similar fall, with average import prices easing about 6.4% from ~USD 1,783.00/MT (CIF) in July to ~USD 1,668.00/MT in August. Corn oil is made from corn germ, a by-product of starch, syrup and ethanol plants, so its cost follows corn prices and processing activity. In China, corn stayed cheap as state grain sales added supply and feed mills switched to wheat, sorghum and barley. This lowered germ costs for oil crushers and allowed sellers to cut offers. Maintenance shutdowns at corn processing plants briefly reduced germ output, but weak buying from oil refiners meant this did not support prices. In India, import prices followed cheaper offers from supplying markets. El Niño left monsoon rainfall about 15% below normal, which may reduce local corn and germ supply, but this had not yet lifted import prices as buyers stayed cautious.

Analyst Insight

According to Procurement Resource, in the near term, Corn Oil prices are likely to stay under pressure as new-crop harvests add supply and keep feedstock costs low.

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  • Global corn oil prices showed mixed movement during Q2 2026, with firm US conditions, a Chinese recovery, and stable-to-soft Indian trade.
  • Changing corn costs and restricted corn-germ availability affected production expenses, while competing edible oils limited price increases in major importing markets.
  • Food-sector demand remained moderate, but record biodiesel consumption and stronger renewable-fuel requirements supported US industrial procurement.

In India, Corn Oil traded at approx. ~USD 1,903/MT (CIF) in June’26, while in China, Corn Oil averaged roughly ~USD 1,913/MT (CIF). The corn oil price curve witnessed a fluctuating trajectory throughout the second quarter of 2026 in the Chinese region. Ample grain and edible-oil supplies caused the early weakness. However, sufficient soybean, rapeseed, and other cooking-oil supplies prevented a sharper increase. Similarly, Indian prices remained stable to soft. High oilseed costs prevented a steep decline, but a 38.0% rise in soyoil imports increased the availability of lower-priced alternatives. Food processors consequently had less need to accept higher corn oil offers. In the USA, monthly average Corn Oil prices were around ~USD 1,832/MT (FOB) in June. Prices increased strongly before rising at a slower pace and remaining firm. Higher corn replacement costs, record biodiesel consumption, and stronger renewable-fuel requirements increased competition for available supply. Higher fuel costs also improved biofuel production economics.

About Corn Oil

Corn oil, extracted from the germ of corn kernels, is a vegetable oil known for its light golden color and mild flavor. It is predominantly composed of unsaturated fats, primarily linoleic acid (omega-6) and oleic acid (omega-9), which contribute to its heart-healthy profile. With a high smoke point, corn oil is suitable for frying and cooking at high temperatures without undergoing significant oxidation. Its stability and neutral taste make it a versatile ingredient in culinary applications, including salad dressings, marinades, and baked goods. Beyond cooking, corn oil is also used in industrial applications such as biodiesel production, cosmetics for its emollient properties, and pharmaceuticals as a carrier oil for medications.

Corn Oil Product Detail

CAS Number
8001-30-7
Industrial Uses

Pharmaceuticals, Food Industry, Cosmetic Industry, Agriculture

Supplier Database

Cargill Inc, Greenfield Specialty Alcohols, Roquette Freres, Grain Processing Corporation, Associated British Foods

Regional Coverage

Asia Pacific

China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe

Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America

United States and Canada

Latin America

Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa

South Africa, Nigeria, Egypt, Algeria, Morocco

CurrencyUS$ (Data can also be provided in local currency)

Supplier Database AvailabilityYes

Customization ScopeThe report can be customized as per the requirements of the customer

Post-Sale Analyst Support360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Corn Oil Production Process

Production Process of Corn Oil by Corn-Germ Pressing Method: The process of obtaining corn oil is initiated by the extraction of corn seeds by the oil pressing method. The corn seeds are then separated on the basis of their water content and are then sorted on the same grounds. They are then processed via corn-germ pressing, which involves passing screw oil pressing machines and pressing them at a pressure above 69 MPa. The oil is then extracted and further processed to give the desired corn oil.

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About the Author

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Siddharth David

Manager - Market Research

Delivering market research and procurement intelligence at Procurement Resource with a focus on economic forecasting, commodity analysis, and client advisory to help sourcing teams make data-backed purchasing decisions.

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