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Before prices plunged last summer, Henebry said he sold some corn for $5.50 to $5.70 per bushel and then for as much as $6.21 per bushel delivered to the grain elevator.
The US is the world's largest producer of corn. [8] 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.
Corn prices on the Chicago Board of Trade dropped from US$7.99 per bushel in June to US$3.74 per bushel in mid-December; wheat and rice prices experienced similar decreases. [159] The UN's Food and Agriculture Organization, however, warned against "a false sense of security", noting that the credit crisis could cause farmers to reduce plantings ...
He also warned farmers of an imminent price collapse after the war. Wallace's prediction proved accurate: a farm crisis extended into the 1920s. Reflecting a broader decrease in agricultural prices, corn prices fell from $1.68 per bushel in 1918 to $0.42 per bushel in 1921. [22]
In something of a surprise today, corn prices gave back nearly all the gains they made in August, closing at the Chicago Board of Trade at $8.13/bushel. That's a 12% drop in the last week and a 7% ...
Most of the state of Illinois lies outside the Chicago metropolitan area and inside the North American Corn Belt. [12] Corn, soybeans, and other large-field crops are grown extensively. These crops and their products account for much of the state's economic output outside Chicago. Much of the field crop is remanufactured into feed for hogs and ...
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%.
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.