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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.
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.
Don Lemon Tonight (formerly CNN Tonight with Don Lemon) is a late evening news commentary program which aired from 2014 until its cancellation in 2022 on CNN, hosted by Don Lemon. [ 1 ] [ 2 ] [ 3 ] The show aired on weeknights live from 10:00 pm to midnight ET.
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]
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