Question: How Much Does corn cost per ton?

What is the corn price today?

Agriculture

Name Price %
Corn 5.33 -0.93
Feeder Cattle 1.54 -0.18
Milk 18.03 -0.50
Orange Juice 1.32 -2.48

How much money is a ton of corn?

Corn at $3.50 bu. x 7.65 = $26.78 per ton in the field.

Will corn prices go up in 2021?

The USDA forecast the average price of corn paid to farmers in 2021-22 (beginning Sept. 1, 2021) at $5.70 per bu, up 31% from $4.35 as the current year forecast and up 60% from $3.56 in 2019-20. … 1, 2021), up 23% from this year and up 62% from 2019-20.

What is the highest price corn has ever been?

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

Why is corn so expensive?

Corn prices rise on tightening supplies

D., AgriLife Extension grain economist, Bryan-College Station, said the market is highly speculative at this point due to a range of factors that boil down to tight supplies and high demand currently and uncertainty about domestic and foreign production this growing season.

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How much is a bushel of corn in 2021?

Chicago corn futures last week were trading from about $5.20 to $5.75 per bushel, up 60% to 70% from a year earlier, with the December 2021 contract near $5.65 per bushel.

Why is corn so high right now?

Strong cash, a reflection of resilient demand, smaller supply, or both has led the price charge higher. Another variable is money flow. Recent reports indicate that managed money, usually viewed as speculative investments, are as long in the corn market as they have ever been.

What is the value of a ton of corn silage?

What is a reasonable corn silage price?

Table 3: Value of standing corn silage based on expected yield of corn grain.
Low Yield High Yield
Expected corn price $3.25/acre $3.25/acre
Value of standing silage ($/ton) 8 x $3.25 = $26.00 10 x $3.25 = $32.50
Yield of corn silage 10 tons/acre 30 tons/acre

How much does it cost to plant an acre of corn?

In 2019, the average yield was 237 bushels per acre, and the price averaged $3.60 per bushel. Total non-land costs of $574 per acre include all financial costs of producing corn.

Why did corn prices drop?

States that need moisture are not getting it, analyst says. We’ve been saying for weeks that the market seemed intent on dropping even when there was no news – essentially taking the bubble out of the grain prices we added last winter and early spring.

Will corn prices go higher?

Since 2019, corn prices rose to a projected MYA average of $4.35 per bushel for the 2020 marketing year that goes through August 2021, and are projected to increase further for the 2021 marketing year. Similar to corn, the 2021 marketing year for soybeans begins in September 2021 and ends in August 2022.

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Why did China buy so much corn?

China has been buying unprecedented amounts of U.S. corn for the last year as domestic Chinese prices have risen to record levels amid what are presumed to be dwindling stockpiles. The country has also been rebuilding its hog herd after devastating disease losses that dampened feed demand and slashed pork supplies.

What month are corn prices highest?

This price index shows that corn prices are the lowest during harvest, the December futures contract, when supplies of corn are abundant. Prices then increase through late December or early January. The highest prices of the season are usually when May and July are the nearby contracts (Mar.