Price Of Corn Per Bushel 2024. The breakeven price needed to cover. This implies that a potential reduction in corn yields could spill over to soybean prices, while the price effects for corn could be dampened somewhat by this substitution effect.
Fixed cost (overhead cost) per acre is projected to be $385, which is similar to last year’s cost. The main revision in the budgets is a.
Projections Released By The U.s.
Overall, projections are for lower costs on both corn and soybeans in 2024 than in 2023.
67 Rows Interactive Chart Of Historical Daily Corn Prices Back To 1959.
Soybean and corn futures also fell in choppy trading as farmers sold some old crop inventory ahead of the usda report.
Although December 2023 Corn Futures Saw Minimal Daily Price Movement On The March 31, 2023, Prospective Plantings Report, The Instrument Saw Intraday Price Movement.
Images References :
May Corn Fell 5.75 Cents At $4.2675 A Bushel, May Oats Was Off 2.50 Cents At $3.55 A Bushel;
That year, the united states was the largest producer of corn in the world.
Using The Usda Cost Of Production Forecast For Corn And The 181 Bushel Per Acre Yield Projection, The Average Cost Of Production Is $4.80 Per Bushel For The 2024 Crop.