Pride Ag Resources - Grain: Historical Grain Prices (2024)

FAQs

How do you calculate grain prices? ›

It is calculated by dividing the total variable and fixed cost per acre by the bushel yield per acre. For example, if the total variable and fixed costs per acre are $720 with a 160-bushel- per-acre yield, the break-even price, or cost of production, is $4.50 per bushel.

Usage projections are unchanged relative to last month, resulting in no changes in ending stocks. Consequently, corn prices remain projected at $4.40 per bushel for 2024/25. The production and use projections for 2024/25 U.S. feed grains also remain unchanged.

Grains Price Index is at a current level of 119.29, up from 113.82 last month and down from 136.93 one year ago. This is a change of 4.80% from last month and -12.88% from one year ago.

Commodities come in many forms, including grains, energy products, and metals. Prices are determined by fundamental factors and supply & demand, which change as economic events unfold and trigger waves of buying and selling.

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 June 26, 2024 is $4.2575 per bushel.

U.S. grain prices rose dramatically in the years following the start of the COVID-19 pandemic. Domestic grain supplies were depleted by global issues that impacted both supply and demand since late 2020.

Cost per bushel is estimated as the total costs divided by the total number of bushels. Cost per bushel is useful when producers are comparing marketing alternatives.

One way to trade in wheat is through a contract for difference (CFD) derivative instrument. CFDs allow traders to speculate on wheat prices without purchasing ETFs, futures, options or agribusiness shares. The value of a CFD is the difference between the price of wheat at the time of purchase and the current price.

Usually, milo prices are 10% lower than corn.

Yield goal dryland: 80 to 120 bu/A; irrigated: 120 to 160 bu/A. Arkansas dryland research indicates >95% yield potential at rate of 120 lbs Nitrogen/A.

What is the current price for sorghum? ›

US Sorghum Price is at a current level of 11.18, down from 11.23 last month and down from 16.63 one year ago.

Corn was assigned a bushel weight of 56 pounds, while soybeans and wheat were assigned bushel weights of 60 pounds. Some other examples are: Rye at 56 pounds per bushel, barley at 48, oat and fescue at 32, etc.

The current price of soybeans as of June 21, 2024 is $11.6200 per bushel.