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Corn futures prices that approached $6.30 a bushel in June have since tumbled to $4.10, after U.S. farmers ultimately produced record crop yields. "I wish I sold a lot more," Henebry said.
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.
An early agricultural recession was the Post-Napoleonic Depression where British agriculture was faced with cheap grain from Europe as Continental producers could freely export grain after two decades. [2]
A trader, for example, might buy a futures contract on crude oil at 10:00 a.m. for $70 and sell it at 3:00 p.m. for $72. Futures may offer a glimpse of what you ultimately pay for in a range of goods.
In 1934, the U.S. Bureau of Labor Statistics began the computation of a daily Commodity price index that became available to the public in 1940. By 1952, the Bureau of Labor Statistics issued a Spot Market Price Index that measured the price movements of "22 sensitive basic commodities whose markets are presumed to be among the first to be influenced by changes in economic conditions.
Plus, newer corn varieties are sweeter — “a whole lot more sugar” — with bigger kernels. “This is an old-fashioned variety, it’s just a good ole sweet corn,” Penny said of Silver Queen.
These are traded on futures exchanges such as the Chicago Mercantile Exchange, the New York Mercantile Exchange, or the London Metal Exchange among others. The spread is the difference between the simultaneous values of these futures contracts. Traders may use a combination of fundamental analysis, technical, and historical factors in their ...
Paramount reported continued declines in its linear TV business in the third quarter, while Warner Bros. Discovery saw a 3% year-over-year decline in revenue, fueled in part by cord cutting.