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According to the United States Department of Agriculture (USDA), the average U.S. yield for corn was 177 bushels per acre, up 3.3 percent over 2020 and a record high, with 16 states posting state records in output, and Iowa reporting a record of 205 bushels of corn per acre. Overall production of corn in the U.S. was 15.1 billion bushels for 2021.
In northern Illinois, farmers could lose $140 per acre on average for corn and $30 an acre for soybeans with autumn delivery prices of $4.50 and $11.50 a bushel, respectively, the analysis showed.
Regional farmers succeeded in bringing some crops to maturity, but corn and other grain prices rose dramatically. The price of oats, for example, rose from 12¢ per bushel in 1815 to 92¢ per bushel in 1816. Crop failures were aggravated by inadequate transportation infrastructure; with few roads or navigable inland waterways and no railroads ...
The grain required to fill a 25 US gallons (95 L) fuel tank with ethanol will feed one person for a year. [113] Several factors combine to make recent grain and oilseed price increases impact poor countries more: Poor people buy more grains (e.g. wheat), and are more exposed to grain price changes. [114] [115]
After a five-year run that featured a costly trade war and deadly pandemic, the big players in the soybean market will face a hard 2023/24 year. U.S. soybean farmers face a projected 491 million ...
Grain prices were hammered early on Wednesday following news that China announced new tariffs on 106 US products. Soybeans are one of the products that will receive up to a 25% tariff making them ...
The soybean checkoff is a congressionally-mandated assessment on soybeans, whose proceeds are used to fund soybean research and promotion efforts. The checkoff is managed by the United Soybean Board under the supervision of the United States Department of Agriculture Agricultural Marketing Service. In 2014, the checkoff was $109.1 million. [1]
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 a variant of this, rounded to exactly 2150.42 cubic inches, less than one part per ten million less. [5]