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.

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/

"“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.”

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).

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...

USDA forecasts price drops

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...

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.

Corn prices hit record as crops shrivel

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

Subtracting total costs, we see no-till had net revenues of $190.32 and conventional tillage had net revenues of $91.28/acre. Our no-till farmer was 52% more profitable than his conventional tilling peer. Another way to look at these numbers is to consider the cost per bushel of production. It cost the no-till farmer $4.03 to produce one bushel of corn, and the conventional tiller $4.52 to produce a bushel. That gives the no-tiller more of a cushion to remain profitable if prices drop.

Subtracting total costs, we see no-till had net revenues of $190.32 and conventional tillage had net revenues of $91.28/acre. Our no-till farmer was 52% more profitable than his conventional tilling peer. Another way to look at these numbers is to consider the cost per bushel of production. It cost the no-till farmer $4.03 to produce one bushel of corn, and the conventional tiller $4.52 to produce a bushel. That gives the no-tiller more of a cushion to remain profitable if prices drop.

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.

Ethanol Weakens Against Gasoline on Falling Corn Prices - Ethanol’s discount to gasoline widened on speculation that a drop in corn prices will boost ethanol production, adding to a glut of supply in the U.S.

Ethanol Weakens Against Gasoline on Falling Corn Prices - Ethanol’s discount to gasoline widened on speculation that a drop in corn prices will boost ethanol production, adding to a glut of supply in the U.S.

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