What is the profit per acre of corn?

For 2020, the projected corn yield is 228 bushels per acre, the corn price is $4.25 per bushel, resulting in $969 per acre in crop revenue. This $4.25 corn price is $. 25 per bushel higher than the price used in the October 2020 Revenue and Costs for Illinois Grain Crops publication.

What will corn prices do in 2021?

The $5.45 forecast for 2021 is $1.00 per bushel higher than the 2020 forecast of $4.45 per bushel. From 2007 to 2021, MYA prices for corn averaged $4.38 per bushel, ranging from a low of $3.36 in the 2016 and 2017 marketing years to a high of $6.89 per bushel in 2012.

When should I sell my corn?

He noted that the best time to sell corn is often between May 1 and June 15, or a little on either side of those dates. “Last year, the high was $4.48½ on June 18.

What is the future of corn prices?

The Office of the Chief Economist of the U.S. Department of Agriculture recently revised 2021 market year average (MYA) price projections to $5.45 per bushel for corn and $12.90 per bushel for soybeans.

What is the highest paying crop?

The highest yielding crops are sugar cane, sugar beet, and tomatoes. Sugar cane accounts for about 80% of the world’s sugar production, while sugar beet the remaining 20%. Not surprisingly, the most lucrative cash crops from a value per acre perspective are illegal in many parts of the world.

What time of the year are corn prices the highest?

This price index shows that corn prices are the lowest during harvest, the December futures contract, when supplies of corn are abundant. Prices then increase through late December or early January. The highest prices of the season are usually when May and July are the nearby contracts (Mar.

What is the price of shelled corn?

Baseline price for corn are $4.00 per bushel for corn in 2019/20, $3.80 in 2020/21, and $3.75 per bushel for 2021/22.