How much is a bushel of corn 2021?

Corn and soybean prices have shown remarkable resilience in 2021. During the 2020-21 marketing year, nearby futures prices peaked in May 2021 at over $7.50 per bushel for corn and $16 per bushel for soybeans.

What is the corn prices today?

Key Data
LabelValue
Last759.75
Prior Settlement750.5
52 Week High772.75
52 Week Low495.75

How much is a bushel of corn worth 2020?

Last year, for example, the first estimate of the 2020 MYA corn price was $3.20 per bushel. The latest projection from the May 2021 report is $4.35 per bushel for the 2020 MYA corn price, $1.15 per bushel higher than the initial estimate.

What is the highest corn price ever?

Historically, Corn reached an all time high of 843.75 in August of 2012.

How much is an acre of corn worth 2021?

Farmer Return

Farmer returns in 2021 are projected to be $378 per acre for corn and $305 per acre for soybeans.

Why is corn price so high?

Tightening supplies, growing ethanol demand, and strong exports have provided support to prices which looks set to extend into the new year. US corn prices touched multi-year highs during April-May.

What is a bushel of corn selling for today?

The price shown is in U.S. Dollars per bushel. The current price of corn as of April 01, 2022 is $7.3500 per bushel.

Will corn prices go down in 2021?

Corn prices have been on a volatile ride in 2021. Since the beginning of January to today, the December 2021 corn contract rose 34.5%. With a high of $6.36 ½ set on May 7, prices have continued to bounce across the board in a range of more than $1.

What will corn prices be in 2022?

Recent Contracts
LastChg
Corn Sep 2022721.50¢2.50
Corn Dec 2022710.25¢1.25
Corn Mar 2023712.00¢1.25
Corn May 2023712.75¢1.75

Are corn prices going up or down?

The outlook for 2021/22 U.S. corn markets in the March WASDE report is for higher exports and fuel ethanol use. The projected season-average farm price for 2021/22 is raised $0.20 per bushel to $5.65.

How many bushels are in a ton?

Bushel Equivalents Per Tonne
GRAINEQUIVALENT
Canola/Rapeseed44.0920
Corn39.3680
Faba Beans 236.7440
Soybeans36.7440

What will it cost to plant an acre of corn in 2022?

Increased input costs means farmers are looking at much higher break-even levels for corn and soybeans in 2022. Schnitkey says the total non-land costs per acre averaged $631 in 2021, but are projected to be $755 for 2022.

What is the breakeven price for corn?

The breakeven corn price ranges from $3.96 to $4.88, or $0.92 per bushel. Even if prices increase substantially, farms with the higher cost structure are going to find it difficult to breakeven.

How many bushels of corn can you get per acre?

There are 135 bushels of corn produced per acre. How many kernels of corn are in a bushel?

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 it cost a farmer to plant an acre of corn?

In the corn divisions, depending upon year, the average maximum and minimum cost per acre is $215 to $260 in the cash grain division, and $187 to $234 in the dairy and livestock division (Table 1).

Do farmers make money in 2022?

USDA released the most recent estimates for 2022 net farm income, providing a very early estimate of the farm financial picture. For 2022, USDA anticipates a slight decline in net farm income, moving from $119.1 billion in 2021 to $113.7 billion, a decrease of 4.5%.

How much money do farmers make on corn?

Average Net Cash Farm Income Outlook for Farm Businesses Varies by Specialization
Farm specializationAverage NCFI, 2022FChange in average NCFI, 2021F–22F
Corn$256,4001
Wheat$164,800-7
Soybeans$152,5002
Specialty crops 1/$114,900-21
Feb 4, 2022

Will fertilizer prices go down in 2022?

Fertilizer Prices Mostly Higher in February as U.S. Farmers Feel the “Squeeze of Inflation” DTN writer Russ Quinn reported on Wednesday that, “Retail fertilizer prices continued to be mostly higher the first full week of February 2022, according to sellers surveyed by DTN.

What’s the most profitable crop?

In 2019, U.S. farmers planted 91.7 million acres of corn, making it the most produced crop, of any crop, in the U.S. Harvesting can begin about eight (8) to fourteen (14) weeks after seeding. Corn Revenue: Corn was selling for $3.12 per bushel in August 2020, according to the USDA agricultural price report.

Who is the richest farmer?

Qin is the richest farmer in the world and owns 883 million shares of Muyuan stock, 40.06% of the company. Qin’s wife Qian Ying is also a billionaire, and together they own a majority stake in Muyuan.

How much profit is in an acre of corn?

For 2020, the projected corn yield is 228 bushels per acre, the corn price is $4.25 per bushel, resulting in $969 per acre in crop revenue.