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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.
In contrast, some programs, like the Marketing Loan Program that can create something of a floor price that producers receive per unit sold, are tied to production. [38] That is, if the price of wheat in 2002 was $3.80, farmers would get an extra 58¢ per bushel (52¢ plus the 6¢ price difference).
WINNIPEG, Manitoba/BEIJING, Aug 9 (Reuters) - Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find ...
The commodity loan rate is the price per unit (pound, bushel, bale, or hundredweight) at which the Commodity Credit Corporation [1] (CCC) provides commodity loans to farmers to enable them to hold commodities for later sale, to realize marketing loan gains, or to receive loan deficiency payments (LDPs). [2]
Yields were referred to in coombs per acre. A coomb was 16 stone (100 kg) for barley and 18 stone (110 kg) for wheat. The US grain markets quote prices as cents per bushel, and a US bushel of grain is about 61 lb (28 kg), which would approximately correspond to the 4-bushel coomb (4 × 61 lb = 244 lb ≈ 111 kg).
Tulare County is one of the biggest butter suppliers, a key ingredient for all those holiday pies and cookies.
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.
Gold was at $2,657 an ounce, and oil prices came off three-week highs, having been supported by expectations that additional sanctions on Russia and Iran could tighten supplies. [O/R] Brent ...