What is the Average Price of Corn per Bushel/Pound?
This year, corn prices have reached as high as $3.70-$3.85 per bushel. This price was calculated after taking into consideration a payment of about $22 per acre to the Government and labor cost of about $40 per acre. The futures prices of corn have been quoted at $4.05 per bushel. Corn prices generally indicate the prices quoted for corn futures, and are directly related to the price of ethanol. The most widely cultivated grain in the United States is corn. The USA accounts for about 90% of the total production of corn in the world.
