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Farmers across the Midwest have boosted crop sales as corn and soybean futures spiked after the U.S. Department of Agriculture slashed its 2024 harvest estimates on Friday, grain dealers in Iowa ...
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 ...
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.
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 ...
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.
Global commodity prices fell 38% between June 2014 and February 2015. Demand and supply conditions led to lower price expectations for all nine of the World Bank's commodity price indices – an extremely rare occurrence. The commodity price shock in the second half of 2014 cannot be attributed to any single factor or defining event. [6]
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 ...
The report provides an analysis of the fundamental condition of the agricultural commodity markets for the use of farmers, governments and other market participants. The WASDE report is compiled using information from a number of statistical reports produced by the USDA and other government agencies. [1]