Mycotoxin contamination of corn results in significant agroeconomic losses and poses serious health issues worldwide. This paper presents the first report utilizing machine learning and historical aflatoxin and fumonisin contamination levels in-order-to develop models that can confidently predict mycotoxin contamination of corn in Illinois, a major corn producing state in the USA. Historical monthly meteorological data from a 14-year period combined with corresponding aflatoxin and fumonisin contamination data from the State of Illinois were used to engineer input features that link weather, fungal growth, and aflatoxin production in combination with gradient boosting (GBM) and bayesian network (BN) modeling. The GBM and BN models developed can predict mycotoxin contamination with overall 94% accuracy. Analyses for aflatoxin and fumonisin with GBM showed that meteorological and satellite-acquired vegetative index data during March significantly influenced grain contamination at the end of the corn growing season. Prediction of high aflatoxin contamination levels was linked to high aflatoxin risk index in March/June/July, high vegetative index in March and low vegetative index in July. Correspondingly, high levels of fumonisin contamination were linked to high precipitation levels in February/March/September and high vegetative index in March. During corn flowering time in June, higher temperatures range increased prediction of high levels of fumonisin contamination, while high aflatoxin contamination levels were linked to high aflatoxin risk index. Meteorological events prior to corn planting in the field have high influence on predicting aflatoxin and fumonisin contamination levels at the end of the year. These early-year events detected by the models can directly assist farmers and stakeholders to make informed decisions to prevent mycotoxin contamination of Illinois grown corn.