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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.
According to the National Restaurant Association, beef prices have risen almost 20% since August 2007 and are poised to go up another 5% to 8% over the next year. Part of this inflation is due ...
November 23, 1977. The Minneapolis Grain Exchange (MGEX) is a commodities and futures exchange of grain products. It was formed in 1881 in Minneapolis, Minnesota, United States as a regional cash marketplace to promote fair trade and to prevent trade abuses in wheat, oats and corn. MGEX became a subsidiary of Miami International Holdings after ...
In July 1973, the Soviet Union purchased 10 million short tons (9.1 × 106 t) of grain (mainly wheat and corn) from the United States at subsidized prices, which caused global grain prices to soar. Crop shortfalls in 1971 and 1972 forced the Soviet Union to look abroad for grain. Hoping to prevent famine or other crisis, Soviet negotiators ...
A farmer havests corn in September 2023 near Carlisle. With no uptick in prices in sight, farmers are selling off stored gain to make room for this year's harvest.
Railroad grain elevator facilities (2014) 110 or greater grain car 100 to 109 Less than 99 Announced facility (2014) Map of U.S. states in the Corn Belt The Corn Belt is a region of the Midwestern United States and part of the Southern United States that, since the 1850s, has dominated corn production in the United States.
A grain agreement was signed by Russia, Ukraine, Turkey and the United Nations to open Ukrainian ports. [21] This resulted in grain shipment by 27 vessels from Ukraine between June and August 2022 which stalled in October and then resumed in November 2022. [22] In addition, the World Bank announced a new $12 billion fund to address the food crises.
A massive population explosion in Europe drove wheat prices up. By 1770, a bushel of wheat cost twice as much as it did in 1720. [7] Farmers also expanded their production of flaxseed and corn since flax was in high demand in the Irish linen industry and a demand for corn existed in the West Indies.