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Apr 5, 2023 · An increase in grain prices typically leads to higher food prices charged by food producers at later stages of production, and eventually higher prices paid by consumers. 7 Price increases ripple from grain crops to other farm products that depend on grains, and down the production line, diminishing in amplitude at each stage of production. As a result, food inflation can outpace inflation for ...
May 27, 2021 · Prices for lumber, gas, wheat, coal and corn were sharply higher in April 2021, about three months after Joe Biden became president, than they were in April 2020. The main reason is the nation’s ...
The November Prices Received Index 2011 Base (Agricultural Production), at 108.8, increased 1.9 percent from October and 17 percent from November 2020. At 107.3, the Crop Production Index was up 1.2 percent from last month and. 17 percent from the previous year. The Livestock Production Index, at 110.6, increased 2.3 percent from October and.
This price rally began in May 2020, with prices for corn rising or holding steady in every month but 1 in the following 12 months, growing by 111.5 percent from May 2020–April 2021. Although prices declined somewhat from June through October 2021, the price levels during those five months were still higher than the highest monthly corn price ...
Mar 8, 2021 · The grain markets have been on a bull run for the last several months, with futures prices hitting multiyear highs. Corn in early February 2021 hit a seven-year high, with soybeans scoring six ...
- Michelle Rook
- mrook@agweek.com
May 11, 2021 · Corn prices have risen roughly 50% in 2021 and a bushel costs more than twice what it did a year ago. “Corn has been one of the sharpest risers in the broad rally in raw materials that is prompting companies to boost prices for goods and fueling concern among investors that inflation could hobble the post-pandemic economic recovery.”
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May 24, 2021 · Global food supplies are expected to grow in 2021-22. Global production of the three main grains (wheat, maize, rice), which is on track to grow by 1.2% this season (September 2020 to August 2021), is expected to increase an estimated 3.2% (or 76 million metric tons (mmt)) during 2021/22 , according to the U.S. Department of Agriculture May 2021 update.
