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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.
Sugar prices spiked in the 1970s because of Soviet Union demand/hoarding and possible futures contracts market manipulation. The Soviet Union was the largest producer of sugar at the time. In 1974, Coca-Cola switched over to high-fructose corn syrup because of the elevated prices. [6] [7] [verification needed] Sugar prices 1962–2022
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 ...
For example, the use of maize (corn) for ethanol fuel production rose from 15% of total U.S. maize production in 2006 to 40% in 2012. [1] Over the next years, prices fell, reaching a low in March 2016 with the deflated FAO food price index close to pre-crisis level of 2006. [5]
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 average price was $16.10 per kg in November and December 2009, [113] but it began trading in June 2010 at $20–$45 per kg. [ 114 ] Neodymium serves as a constituent of high strength neodymium magnets , which are widely used in loudspeakers , computer hard drives , high power-per-weight electric motors (e.g. for those in hybrid cars ) and ...
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Current biofuel support measures alone are estimated to increase average wheat prices by about 5 percent, maize by around 7 percent and vegetable oil by about 19 percent over the next 10 years." [27] Corn is used to make ethanol and prices went up by a factor of three in less than 3 years (measured in US dollars).