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But for soybeans and other crops, prices have fallen below the cost of production. "Right now, given what cost structures look like," Hart said, "corn has the best pathway to make a little profit ...
Corn prices are down about 3% today at about $7.16 a bushel, while wheat is down 2.9% at around $8.60 a bushel and soybeans are price around $14.10 a bushel.
A TMO objective is to stabilize grain prices. [27] Cotton growing [28] and oilseeds [29] are subsidized. ... Soybeans $5.00/bushel Grain Sorghum $1.95/bushel Barley
Soybean meal. Soybean meal is used in food and animal feeds, principally as a protein supplement, but also as a source of metabolizable energy. Typically 1 bushel (i.e. 60 lbs. or 27.2 kg) of soybeans yields 48 lbs. (21.8 kg) of soybean meal. [1] Most soybean meal is defatted, produced as a co-product of soybean oil extraction. [2]
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]
A bushel (abbreviation: bsh. or bu.) is an imperial and US customary unit of volume, based upon an earlier measure of dry capacity. The old bushel was used mostly for agricultural products, such as wheat : in modern usage, the volume is nominal, with bushels denoting a mass defined differently for each commodity.
soybean: 375 446 335 48 2 11 coffee: 386 459 345 49 10 11 flax (linseed) 402 478 359 51 3 10 hazelnuts: 405 482 362 51 4 8 euphorbia: 440 524 393 56 4 10 pumpkin seed: 449 534 401 57 4 9 coriander: 450 536 402 57 3 11 mustard seed: 481 572 430 61 7 11 camelina: 490 583 438 62 7 9 sesame: 585 696 522 74 7 10 safflower: 655 779 585 83 3 9 rice ...
You'll recognize the conversation from oil, whose per-barrel cost is pushing $90. Wheat has topped $10 a bushel due to dry weather in Argentina bringing concerns about a global shortage; it's ...