Key Data
| Label | Value |
|---|---|
| Last | 784.5 |
| Prior Settlement | 788.25 |
| 52 Week High | 818.25 |
| 52 Week Low | 495.75 |
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Page Contents
What is the current price for corn?
The current price of corn as of June 15, 2022 is $7.7400 per bushel.
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.
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.
How much is a bushel of corn in lbs?
Section 600.TABLE B Standard Weight Per Bushel for Agricultural Commodities
| Alfalfa Seed | Per Bushel | 60 Pounds |
|---|---|---|
| Corn, Shelled | Per Bushel | 56 Pounds |
| Cotton Seed | Per Bushel | 32 Pounds |
| Cranberries | Per Bushel | 33 Pounds |
| Cucumbers | Per Bushel | 48 Pounds |
How much is a bushel of corn in 2021?
In its May 2022 World Agriculture Supply and Demand Estimate (WASDE) report, the Office of the Chief Economist projected corn at $5.90 per bushel for the 2021 marketing year, well above the $4.22 average from 2002 to 2020.
How much is a bushel of corn 2020?
The corn price, at $6.00 per bushel, is up 9 cents from last month and $2.84 from June 2020.
How much does a bulk bag of corn weigh?
bulk commodity weights
| Crop | Weight per bushel (lbs.) | LBS PER CUBIC FT |
|---|---|---|
| Corn, Cracked | 56 – 62 | 45-50 |
| Corn, shelled | 56 | 45 |
| Corn, ear | 70 | |
| Cottonseed | 32 | 26 |
How many years of corn are in a bushel? An 8-inch ear of corn contains about 0.50 lb equivalent of shelled corn grain; therefore, 112 8-inch ears would equal 1 bushel (1 bushel = 56 pounds).
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.
How much is an acre of corn worth 2021?
Farmer returns in 2021 are projected to be $378 per acre for corn and $305 per acre for soybeans. These returns are at record levels and will result in very high incomes in 2021. Farmer returns for 2022 are projected at $61 per acre for corn and $67 per acre for soybeans, down considerably from 2021 levels.
What does it cost to plant 1 acre of corn?
Even though corn will return more than beans, the total cost per acre for corn is about $963 compared to about $683 for soybeans. This means that working capital requirements for 2,500 acres is about $700,000 higher for corn versus soybeans.
How much money do farmers make from 1 acre of corn?
The 2020 operator and land return for corn is projected at $466 per acre. 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.
How long does it take to plant 100 acres of corn?
100 acres at 5 mph in a 12 hour day was a pretty good day. If you drive faster, work longer hours, have no breakdowns, etc then you can plant more. Most I ever planted in a 16 hour day was 156 doing all of the filling myself.
How much does a bag of seed corn cost? The Seed Market
| Crop | Price per bag | Size of bag |
|---|---|---|
| Corn | $89.90 | 80,000 kernels |
| Soybeans | $15.49 | 60 lbs. |
| Wheat | $11.25 | 60 lbs. |
How many seeds are in a 50 lb bag of corn? However, even though the technology fee in this example is based on 4,600/230,000 seeds, in extreme cases there could actually be between 205,000 and 255,000 seeds in the 50-pound bag due to natural variation in seed size.
How many acres will a bag of 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 |
How much is a bushel of corn price?
Unit conversion for Corn Price Today
| Conversion | Corn Price | Price |
|---|---|---|
| 1 Bushel ≈ 0,035 m³ | Corn Price Per 1 m³ | 220.21 USD |
| 1 Bushel ≈ 35,239 Liter | Corn Price Per 1 Liter | 0.22 USD |
What is the highest corn price ever?
Corn futures on the Chicago Board of Trade (CBOT) topped $8 per bushel on Monday, the highest price in nearly a decade.
Why is corn so expensive right now?
Drought in the western U.S. and elsewhere in the world has also driven prices higher. In addition to global supply concerns hitting agricultural commodities broadly, corn also has a potential source of additional demand.
What does a bushel of corn sell for?
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 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.
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.
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.
What will corn prices do in 2021? The WASDE forecast for the season average price of corn for 2021/22 was $5.45 per bushel at the time of this writing. This is the price that is relevant for projecting total acreage for 2022.
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.
