Why did the price of corn increase in 2011?

Why did the price of corn increase in 2011?

The dry, scorching heat has had the most severe impact on corn crops. The drought and the fear that conditions could worsen, further pressuring crop yields, has triggered a 50% spike in the prices of corn futures over the past month to $7.79 per bushel.

What is price of corn per bushel?

The current price of corn as of July 09, 2021 is $5.2950 per bushel.

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 more expensive now?

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.

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.

How much does one bushel of corn cost?

Corn Price Price; 1 Bushel ≈ 35,239 Liter Corn Price Per 1 Liter 0.11 USD 1 Bushel ≈ 0,035 m³ Corn Price Per 1 m³ 110.39 USD

What was the price of corn in 1959?

Corn Prices – 59 Year Historical Chart. Interactive chart of historical daily corn prices back to 1959. The price shown is in U.S. Dollars per bushel. The current price of corn as of October 17, 2019 is $3.9475 per bushel.

What was the price of corn in July 2021?

Corn – data, forecasts, historical chart – was last updated on July of 2021. Corn is expected to trade at 779.92 USd/BU by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

What was the price of corn in 2012?

Corn increased 13.54 USd/BU or 3.62% since the beginning of 2019, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Corn reached an all time high of 843.75 in August of 2012 and a record low of 22.90 in November of 1932.

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