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Corn prices are now up about 10% over the past month. ... $5 per bushel cash for corn for delivery immediately or after April 15. Local buyers last fall were offering about $4.30, well below his ...
Benchmark Chicago Board of Trade (CBOT) corn futures fell to a four-year low below $4 a bushel in August but climbed back above $5 this month, rising about 9% since January 1.
One bushel of corn can produce 2.8 gallons of ethanol in as well as 17-18 pounds of DDGS. [13] Compared to other major sources, corn is the least efficient means of ethanol production. In 2007, the production process used 75% of the energy extracted. [14] [needs update] On account of great demand for ethanol, corn is fetching higher prices.
Examples of decreasing agriculture prices include: By 1933, cotton was only 5.5 cents per pound, corn was down 19.4 cents per bushel, and hogs declined to $2.94 instead of their respective 1909–1914 average prices of 12.4 cents per pound, to 83.6 cents per bushel, and $7.24 per hog.
The Winchester bushel is the volume of a cylinder 18.5 in (470 mm) in diameter and 8 in (200 mm) high, which gives an irrational number, of approximately 2150.4202 cubic inches. [4] The modern American or US bushel is rounded to exactly 2150.42 cubic inches, a difference of less than one part per ten million.
From a mid-August peak of a record $8.49 a bushel, corn December futures have fallen to around $7.40 a bushel today. The spread between corn for December 2012 delivery and March 2013 delivery has ...
During the 2008 financial crisis corn prices, fell 50% from their July 2008 high by October 2008, in tandem with other commodities, including oil, while corn ethanol production continued unabated. "Analysts, including some in the ethanol sector, say ethanol demand adds about 75 cents to $1.00 per bushel to the price of corn, as a rule of thumb.
And as you look at breakeven prices, compared to 100% owned versus 50%, that can -- it's like a $0.50 per bushel of difference on corn breakeven depending on if you fully own or you're renting 50%.