Frequent question: What is the commodity price of corn?

What is the current commodity price for corn?

Key Data

Label Value
Last 532.5
Prior Settlement 539.5
52 Week High 772.75
52 Week Low 364.75

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.

How do you read commodity prices on corn?

Thus, if corn was trading at $4.15 1/4 (four dollars and fifteen and a quarter cents) the price would be displayed on a quote board as simply 415’2. The two represents the un-reduced fraction 2/8. If corn futures ticked lower, the new price would be 415, or $4.15.

Is the price of corn going up?

America’s biggest cash crop has rarely been more expensive. Corn prices have risen roughly 50% in 2021 and a bushel costs more than twice what it did a year ago.

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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What was the highest price of corn?

Corn prices were at $3.79/bu. in January 2020, up 23 cents from the year before. January corn prices were up 50 cents since 2018. The highest monthly corn price in January on record was at $6.96/bu.

Why did corn prices drop?

Corn futures dropped on Tuesday as concerns about abundant supply whacked America’s biggest cash crop. It’s the latest trading volatility in the commodities sector as the pandemic and the economic reopening distorted markets and led to big speculation in areas like lumber.

How much is corn worth per acre?

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. The 215 bushel yield is a trend yield, which will be updated after July weather provides better indications of yields.

What are commodity prices today?

Commodity Prices

Energy Price %
Coal 132.50 3.52 %
RBOB Gasoline 2.24 -0.08 %
Oil (Brent) 73.30 0.01 %
Oil (WTI) 71.45 -0.06 %

How do you read commodities?

How to read grain prices: a quick reference guide

  1. Cash price = futures + basis +/- premium and discounts.
  2. Last: The last or most current trade price. …
  3. Change: The difference between current price and previous settlement price.
  4. Open: Opening price for today.
  5. High: The highest trading price for today.