What was the price of corn in 2008?
2 market closes, and we get my definition of realistic price objectives for 2008: $5.82 for December 2008 corn and $14.73 for November 2008 soybeans. Now that we’ve had our fun with a little price history and math, do yourself a favor and try not to take these figures too seriously.
What was the price of corn in 2000?
From the mid-1970s to the mid-2000s, corn prices average about $2.40 per bushel. In the mid-2000s, corn use in producing ethanol increased, resulting in an overall corn price increase.
What was the price of corn in 2014?
$4.1626
Corn Prices – 59 Year Historical Chart
| Corn Prices – Historical Annual Data | ||
|---|---|---|
| Year | Average Closing Price | Year Low |
| 2014 | $4.1626 | $3.2075 |
| 2013 | $5.6872 | $4.1200 |
| 2012 | $6.9160 | $5.5150 |
What is the future of corn prices?
Currently, all forecasts have the 2021 MYA prices well above the $4.22 long-run average: $6.26 for the ERS forecast, $5.90 for USDA, and $5.80 for 2021 (See Figure 2). All forecasts have 2022 at higher prices: $7.18 for ERS forecast, $6.75 for USDA, and $6.00 for CBO.
What was the price of corn in 2013?
Corn Prices – 59 Year Historical Chart
| Corn Prices – Historical Annual Data | ||
|---|---|---|
| Year | Average Closing Price | Year Low |
| 2013 | $5.6872 | $4.1200 |
| 2012 | $6.9160 | $5.5150 |
| 2011 | $6.7973 | $5.7900 |
Will corn prices rise in 2022?
Corn and soybean prices for 2022 fall delivery are at high levels. During the first two weeks in May, fall delivery bids in central Illinois averaged $7.39 per bushel for corn and $14.52 for soybeans. Significant changes in prices going into fall are possible.
What were corn prices in 2014?
Corn Prices – 59 Year Historical Chart
| Corn Prices – Historical Annual Data | ||
|---|---|---|
| Year | Average Closing Price | Year Low |
| 2014 | $4.1626 | $3.2075 |
| 2013 | $5.6872 | $4.1200 |
| 2012 | $6.9160 | $5.5150 |
Why has the price of corn gone up?
Drought in the western U.S. and elsewhere in the world has also driven prices higher. In addition to global supply concerns hitting agricultural commodities broadly, corn also has a potential source of additional demand.
What will the price of corn be in 2022?
In Illinois, the 2022 break-even price for corn is projected at $4.73 per bushel for corn and $11.06 per bushel for soybeans (farmdoc daily, December 21, 2021). Both of those break-even prices are above price projections by USDA and CBO in years after 2024, suggesting that costs will need to be reduced.
What is the corn price outlook?
Corn prices are expected to trade at historically elevated levels for the remainder of 2022 and into 2023, say UK analysts. “Corn markets risk coming under pressure as harvest looms, but this is far from a fully bearish market,” said the CRM Agri team in its latest grain market outlook.