How much did a bushel of corn cost in 1950?
A bushel of corn was worth $1.50 in 1950. When adjusted to today’s dollars that is $12 per bushel.
What was the price of corn in 1970?
Corn Prices – 59 Year Historical Chart
|Corn Prices – Historical Annual Data|
|Year||Average Closing Price||Year Low|
What was the price of corn in 1933?
U.S. Soybean and Corn Prices
How much did a bushel of corn cost in 2021?
In the report, the market year average (MYA) prices for 2021 are projected at $5.70 per bushel for corn and $13.85 per bushel for soybean.
What is the break even price for corn?
The breakeven corn price ranges from $3.96 to $4.88, or $0.92 per bushel. Even if prices increase substantially, farms with the higher cost structure are going to find it difficult to breakeven.
How much is a bushel of corn 2021?
The Office of the Chief Economist of the U.S. Department of Agriculture recently revised 2021 market year average (MYA) price projections to $5.45 per bushel for corn and $12.90 per bushel for soybeans.
Why are corn prices so high 2021?
The Wall Street Journal (May 10th, 2021). The Journal article noted that, “Farmers have a few factors to thank for high prices. “China is on a corn-buying binge while racing to fatten millions of hogs to replace the pigs it had to kill during an outbreak of African swine fever before the pandemic.
What does it cost to plant an acre of corn?
In the corn divisions, depending upon year, the average maximum and minimum cost per acre is $215 to $260 in the cash grain division, and $187 to $234 in the dairy and livestock division (Table 1).
How much does a bushel of corn cost?
Currently, the average price of a bushel of corn is $3.75.
What is the value of a bushel of corn?
Like any commodity that is sold in any marketplace, corn prices will fluctuate. It will depend on demand, weather conditions, harvest yield and other factors. Currently, the average price of a bushel of corn is $3.75.
What is the price of corn?
In 2019, the nearby weekly corn futures price ranged from $3.50 per bushel in late April to $4.48 in late June, while the nearby weekly soybean futures price ranged from $8.09 per bushel in mid-May to $9.34 in late December.