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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 ...
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 commodity loan rate is the price per unit (pound, bushel, bale, or hundredweight) at which the Commodity Credit Corporation [1] (CCC) provides commodity loans to farmers to enable them to hold commodities for later sale, to realize marketing loan gains, or to receive loan deficiency payments (LDPs). [2]
Loan Rates per Unit Corn $1.95/bushel Upland cotton $0.52/pound Wheat $2.94/bushel Rice $6.50/hundredweight Peanuts $355.00/ton Soybeans $5.00/bushel Grain Sorghum $1.95/bushel Barley $1.95/bushel Oats $1.39/bushel Oilseed (sunflower, flaxseed, canola, rapeseed, safflower, mustard, crambe, sesame seed) $0.1009/pound
Yields were referred to in coombs per acre. A coomb was 16 stone (100 kg) for barley and 18 stone (110 kg) for wheat. The US grain markets quote prices as cents per bushel, and a US bushel of grain is about 61 lb (28 kg), which would approximately correspond to the 4-bushel coomb (4 × 61 lb = 244 lb ≈ 111 kg).
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Hanson defrauded grain farmers by purchasing crops at a price above the per-bushel market value and selling them below market value. This Ponzi scheme was carried out by taking money from one investor to pay another. As a result, both Midwest Grain Trading and NoDak Grain accumulated $8 million in unpaid bills. [5]
WINNIPEG, Manitoba/BEIJING, Aug 9 (Reuters) - Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find ...