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Iowa farmer Caleb Hamer grabbed his phone and dialed a local corn buyer this week, eager to sell his grain as prices climbed to their highest level in more than a year. Farmers across the Midwest ...
Yet corn futures prices are signaling they should hold the grain for a few months, if possible. On the Chicago Board of Trade, benchmark December corn futures were trading at a roughly 22-cent ...
In November 2013, Chinese officials destroyed a U.S. grain shipment containing Viptera grain and began rejecting all U.S. shipments with the GM grain, but continued to accept it from all countries other than the U.S. [60] The same year, U.S. corn market prices dropped $4 per bushel, causing over $2.9 billion in losses, with just over half of ...
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.
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 size and speed of the price collapse stung farmers and left their storage bins stuffed with record amounts of corn. The steepest market downturn in a decade in 2023 has extended into 2024 ...
The export of soybean to China fell by 94% in 2017. [19] China increased tariffs on U.S. soybeans to 27%, causing issues as China was the largest importer of American soybeans in 2017. From January to October in 2018, U.S. soybean exports were 63% lower than in the same months of 2017, [7] eventually stopping by November 2018. [20]
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