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As of Thursday, corn was selling for $7 per bushel and soybeans were selling for $15.4 per bushel. Those prices have doubled from a year ago. And according to grain futures, those prices could go ...
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.
The minimum price per bushel was set to $2.26, which is known as a guaranteed price scheme. The Wheat Price Guarantee Act was intended to give the agricultural industry time to adjust to the war being over. Simply put, this act was a temporary continuation of the Lever [Food] Act of 1917.
Under the Wilson administration during World War I, the U.S. Food Administration, under the direction of Herbert Hoover, set a basic price of $2.20 per bushel. The end of the war led to "the closing of the bonanza export markets and the fall of sky-high farm prices", and wheat prices fell from more than $2.20 per bushel in 1919 to $1.01 in 1921 ...
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Loan Rates per Unit Corn $1.95/bushel Upland cotton $0.52/pound Wheat $2.94/bushel Rice $6.50/hundredweight Peanuts $355.00/ton Soybeans $5.00/bushel Grain Sorghum $1.95/bushel Barley $1.95/bushel Oats $1.39/bushel Oilseed (sunflower, flaxseed, canola, rapeseed, safflower, mustard, crambe, sesame seed) $0.1009/pound
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 grain trade refers to the local and ... created rapid inflation of grain prices during the 2007 ... New York with a 4,500,000 bushel capacity built by Monarch ...