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Corn prices are now up about 10% over the past month. Iowa farmer Caleb Hamer grabbed his phone and dialed a local corn buyer this week, eager to sell his grain as prices climbed to their highest ...
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. ... $382,000 around Father's Day in June; and ...
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.
In 1900, corn acreage was double that of wheat in the United States. But from the 1930s through the 1970s soybean acreage surpassed corn. Early in the 1970s grain and soybean prices, which had been relatively stable, "soared to levels that were unimaginable at the time".
In July 1973, the Soviet Union purchased 10 million short tons (9.1 × 10 ^ 6 t) of grain (mainly wheat and corn) from the United States at subsidized prices, which caused global grain prices to soar. Crop shortfalls in 1971 and 1972 forced the Soviet Union to look abroad for grain.
From a mid-August peak of a record $8.49 a bushel, corn December futures have fallen to around $7.40 a bushel today. The spread between corn for December 2012 delivery and March 2013 delivery has ...
The IGC's data, analysis and reporting are used by member governments, private organizations and other international bodies concerned with grain market developments. The IGC's benchmark Grains and Oilseeds Index, which tracks international grain and oilseed prices, is publicly available on the organization's website.
The U.S. Department of Agriculture (USDA) now estimates that the U.S. corn crop will fall by another 100 million bushels below the estimate provided just a month ago, to 10.7 billion bushels, the ...