The current price of corn as of June 15, 2022 is $7.7400 per bushel..
Page Contents
What is the market price of corn today?
Key Data
| Label | Value |
|---|---|
| Last | 784.5 |
| Prior Settlement | 788.25 |
| 52 Week High | 818.25 |
| 52 Week Low | 495.75 |
What does a bushel of corn cost?
Average cost per bushel has been between $1.25 and $1.95 in the cash corn division and $1.13 and $1.81 in the livestock corn division.
What is the highest price corn has ever been?
Corn futures on the Chicago Board of Trade (CBOT) topped $8 per bushel on Monday, the highest price in nearly a decade.
Do corn farmers make money?
The profitability of corn production over the years has been marked by spikes of high profitability interspersed with long periods of low and flat profitability. The income, costs, and net returns per acre for a hypothetical Iowa tenant corn farmer from the year 2000 to the present show this trend in Figure 1.
What is the most profitable crop?
Top 13 Most Profitable Crops To Grow
- Considerations for Small Farms.
- 1) Mushrooms.
- 2) Microgreens.
- 3) Ginseng.
- 4) Lavender.
- 5) Saffron.
- 6) Goji Berries.
- 7) Wasabi.
What is the most profitable crop per acre?
Bamboo. Bamboo is one of the most profitable crops to grow per acre. It can bring in lots of revenue, but the catch is it takes about three (3) years for the bamboo to get “established” once planted.
How much profit does an acre of sweet corn make?
Sweet Corn Crop Guide
| Estimated Cost | $500 to $1000 per acre up to harvest |
|---|---|
| Yield Potential | 240-300 crates/ac (5 doz ears/crt) |
| Profit Potential | $0 to $1,200 per acre |
| Adapted Areas | Statewide |
| Labor Requirements | 2 man-days per acre during harvest, machine harvest potential |
What does it cost to plant an acre of corn in 2022? For 2022, total costs for corn are projected at $1,064 per acre, with $755 in non-land costs and $309 in cash rent. Total costs are projected at record levels, exceeding 2021 costs of $915 by $149 per acre and rising above $1,000 per acre for the first time.
What does it cost to plant 1 acre of corn?
Total non-land costs are projected at $755 per acre for corn, a $124 increase over the $631 per acres cost in 2021 (see Table 1).
Is planting corn profitable?
Recently, corn has been a very profitable crop to grow because of relatively high yields as well as high prices received by farmers. Although corn is a profitable crop on New York farms, it is also an expensive crop to produce.
How much does a farmer make off an acre of corn?
The last time corn returns exceeded $466 per acre was in 2021, when returns were $630 per acre. From 2013 to 2019, corn returns averaged $253 per acre, well below the 2019 projected return. The 2019 projected return is $89 per acre above the average 2013-2019 average return.
What is the average price for a bag of seed corn?
We use the University of Illinois Farm Business Management 2019 Crop Budgets to establish a representative price for seed corn. A simple average across the four crop budget scenarios suggests a per acre cost of $113.50. Using a seeding rate of 34,000, we calculate the average per bag/unit cost to be approximately $267.
What’s the most profitable crop?
Top 13 Most Profitable Crops To Grow
- Considerations for Small Farms.
- 1) Mushrooms.
- 2) Microgreens.
- 3) Ginseng.
- 4) Lavender.
- 5) Saffron.
- 6) Goji Berries.
- 7) Wasabi.
What is the best cash crop for a small farm? Cash Crops for Small Farm Profit
- Bamboo. Already popular in Asia, bamboo is gaining popularity around the world for its variety of uses, such as fencing material, fabric and food.
- Specialty Mushroom. Perfect crops for beginning farmers are specialty mushrooms, such as oyster mushrooms.
- Lavender.
- Garlic.
- Christmas Trees.
Is selling corn profitable? Current futures prices seem to indicate that corn and soybean prices might average $4.45 and $11.40 per bushel in 2021/22, respectively. In this optimistic scenario, corn production would generate profits north of $95 per acre in a continuous corn rotation, and above $200 per acre following soybeans.
How much does a bag of Pioneer seed corn cost?
Farmers in Mississippi and Iowa are paying the highest average prices for Pioneer ®, with the average price per bag coming in near $280. North Dakota farmers are getting the best average price on Pioneer ® brand seeds at around $210 per bag. Dekalb is a registered trademark of the Monsanto Company.
How many acres will 1 bag of seed corn plant?
The Seed Market
| Crop | Price per bag | Number of acres each bag will plant |
|---|---|---|
| Corn | $89.90 | 3 |
| Soybeans | $15.49 | 1 |
| Wheat | $11.25 | 2/3 |
Will corn prices go up in 2022?
Corn prices are expected to trade at historically elevated levels for the remainder of 2022 and into 2023, say UK analysts. “Corn markets risk coming under pressure as harvest looms, but this is far from a fully bearish market,” said the CRM Agri team in its latest grain market outlook.
How much do farmers sell corn for?
Corn in 2020
For 2020, corn revenue is projected at $699 per acre, based on a 215 bushel per acre yield and a $3.25 per bushel price.
Will corn prices go down in 2021?
Their analysis finds that while futures and cash prices are directly correlated, cash prices decrease more often in years of falling prices than futures do. Using CME futures and cash prices from 2001 to 2021, the year-over-year data shows: Corn cash prices have a 25% chance of being $7.59 in October.
Is corn a good investment?
Corn is one of the world’s most widely farmed crops, in part, because corn is needed for foodstuffs, plastics, and biofuel around the world. That makes corn a good investment and a fairly stable one.
Will corn prices go down in 2022?
Corn and soybean prices for 2022 fall delivery are at high levels. During the first two weeks in May, fall delivery bids in central Illinois averaged $7.39 per bushel for corn and $14.52 for soybeans. Significant changes in prices going into fall are possible.
How much does it cost to seed an acre of corn? Typical seed costs on a per acre basis can vary between $40 to $70 for corn and $25 to $50 for soybean, depending on the desired plant population, variety/seed lot, seed quality and seed cost per bag.