$5.50-per-bushel corn possible if yield normalizes in 2013 - A return to more normal U.S. corn yields in 2013 could send new-crop prices spiraling downward, but persistent drought in some of the nation’s top corn-producing states could have the opposite effect, says Purdue Extension agricultural economist Chris Hurt.

$5.50-per-bushel corn possible if yield normalizes in 2013 - A return to more normal U.S. corn yields in 2013 could send new-crop prices spiraling downward, but persistent drought in some of the nation’s top corn-producing states could have the opposite effect, says Purdue Extension agricultural economist Chris Hurt.

Iowa’s farmers and state economy watchers face the reality that a “historically rare period” of prosperity for Iowa agriculture may be ending.    The U.S. Department of Agriculture last week forecast a return to more normal corn surpluses of almost 2 billion bushels. The more ample supplies could drive down corn prices to as low as $4.20 per bushel by year’s end, compared with an average price of $6.20 in 2011, the USDA predicted.

Iowa’s farmers and state economy watchers face the reality that a “historically rare period” of prosperity for Iowa agriculture may be ending. The U.S. Department of Agriculture last week forecast a return to more normal corn surpluses of almost 2 billion bushels. The more ample supplies could drive down corn prices to as low as $4.20 per bushel by year’s end, compared with an average price of $6.20 in 2011, the USDA predicted.

Economist pegs 2013 MYA price for corn near $6 per bushel - Current Chicago Mercantile Exchange (CME) futures prices suggest that market year average (MYA) corn prices for 2013 will be near $6.00 per bushel.

Economist pegs 2013 MYA price for corn near $6 per bushel - Current Chicago Mercantile Exchange (CME) futures prices suggest that market year average (MYA) corn prices for 2013 will be near $6.00 per bushel.

TUESDAY, July 31, 2012 - The price of corn has soared during recent weeks as extremely hot and dry weather bakes states in the Midwest. Corn futures surged almost 22 cents on Monday to $8.20 per bushel, near the all-time high of $8.24½ hit on July 20. Investors are worried the U.S. drought will ravage crops. That has pushed corn up 27% this year and stirred fears of higher food prices.

Vital Signs Chart: Soaring Corn Prices

TUESDAY, July 31, 2012 - The price of corn has soared during recent weeks as extremely hot and dry weather bakes states in the Midwest. Corn futures surged almost 22 cents on Monday to $8.20 per bushel, near the all-time high of $8.24½ hit on July 20. Investors are worried the U.S. drought will ravage crops. That has pushed corn up 27% this year and stirred fears of higher food prices.

Since mid-November, China has turned away 1.45 million metric tons of U.S. corn because of the presence of unapproved Syngenta GMO varieties. The rejections have depressed U.S. corn prices by an estimated 11 cents per bushel, accounting for projected losses of $1.14 billion for U.S. corn farmers for the last nine months of the marketing year that ends on August 31.   http://www.rawstory.com/rs/2014/04/17/chinas-ban-on-gmo-corn-costs-us-up-to-2-9-billion-grain-association-says/

Since mid-November, China has turned away 1.45 million metric tons of U.S. corn because of the presence of unapproved Syngenta GMO varieties. The rejections have depressed U.S. corn prices by an estimated 11 cents per bushel, accounting for projected losses of $1.14 billion for U.S. corn farmers for the last nine months of the marketing year that ends on August 31. http://www.rawstory.com/rs/2014/04/17/chinas-ban-on-gmo-corn-costs-us-up-to-2-9-billion-grain-association-says/

Projections put 2017 net incomes low, so long as corn prices stay under $4 per bushel. Result: continuing erosion of financial positions on many grain farms.

Projections put 2017 net incomes low, so long as corn prices stay under $4 per bushel. Result: continuing erosion of financial positions on many grain farms.

Corn prices hit record as crops shrivel

Corn prices hit record as crops shrivel - The Buzz - Investment and Stock Market News

Corn prices hit record as crops shrivel

Agriculture Apps: Type of Crop: Corn, Soybeans, Milo or Wheat  Field Type: Dryland or Irrigated  Production Cost Inputs: Including Number of Acres, Insurance %, APH Yied, Ins. Yield and many, many more  Sales History:  Track each sale by Date, Bushels sold, Cash price, Delivery period, buyer  Profit and Loss:  Factor in Basis, Offset, and Contract plus your historical sales information and cost inputs to help you make informed decisions about your grain marketing.

Agriculture Apps: Type of Crop: Corn, Soybeans, Milo or Wheat Field Type: Dryland or Irrigated Production Cost Inputs: Including Number of Acres, Insurance %, APH Yied, Ins. Yield and many, many more Sales History: Track each sale by Date, Bushels sold, Cash price, Delivery period, buyer Profit and Loss: Factor in Basis, Offset, and Contract plus your historical sales information and cost inputs to help you make informed decisions about your grain marketing.

Once combines are shedded for fall 2014, it's likely that corn growers will turn to pencil and paper to begin calculating how they can bring home a profit in 2015.  Current expert projections are that 2015 corn will cost some $4.50 per bushel to grow and today's price projection for 2015 corn commodities is near $4.00 per bushel. Read more on Producer's website!

Once combines are shedded for fall 2014, it's likely that corn growers will turn to pencil and paper to begin calculating how they can bring home a profit in 2015. Current expert projections are that 2015 corn will cost some $4.50 per bushel to grow and today's price projection for 2015 corn commodities is near $4.00 per bushel. Read more on Producer's website!

Updated projections by the Agriculture Department on Thursday forecast significant price declines for corn, wheat and even soybeans — all large enough to trigger potential payments under the new farm bill. Corn stands out the most, with average prices dropping to $3.90 per bushel in the coming crop year, even after the department assumes reduced...

Updated projections by the Agriculture Department on Thursday forecast significant price declines for corn, wheat and even soybeans — all large enough to trigger potential payments under the new farm bill. Corn stands out the most, with average prices dropping to $3.90 per bushel in the coming crop year, even after the department assumes reduced...

Corn Prices Go Wild!  New all-time high of $8.15 per bushel.

Corn Prices Go Wild!

Corn Prices Go Wild! New all-time high of $8.15 per bushel.

Curious about the value of corn in some food products? We were, too! That’s why we took a look to see the value of corn (or, in some cases the value of corn used to make a food ingredient) if corn is priced at $6.00 per bushel (about 10.7 cents/pound).

Curious about the value of corn in some food products? We were, too! That’s why we took a look to see the value of corn (or, in some cases the value of corn used to make a food ingredient) if corn is priced at $6.00 per bushel (about 10.7 cents/pound).

"“We saw how price spikes caused by this government mandate impacts turkey growers when corn prices reached almost $8 per bushel: U.S. turkey production declined by 9 percent, resulting in loss of rural jobs.”

"“We saw how price spikes caused by this government mandate impacts turkey growers when corn prices reached almost $8 per bushel: U.S. turkey production declined by 9 percent, resulting in loss of rural jobs.”

The cost MS meds went up 39% just in the year 2011. 39%!!!  And more in 2012

The cost MS meds went up 39% just in the year 2011. 39%!!! And more in 2012

Bushel of Corn Stalks  Price $4.99

Bushel of Corn Stalks Price $4.99

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