Wheat stocks of 2.1 billion bushels
were 7 per cent smaller than traders expected.
If it dries 347 bu/h, then the cost of the fan is 14.9 kWh x $0.09 per kWh = $1.34 per 347 bushel
= $0,004 per bushel
That could translate to 12.2 billion bushels
if weather and yields are average.
, according to the extensive two minutes research I've just done via Google, is a basket large enough to hold a bushel
Approximately how many bushels
of corn were used to make ethanol in 1994?--
A cash market speculator would have to pay $10,000 to get control of 5,000 bushels
of corn valued at $2 per bushel
The study also finds that if the United States was producing 14.7 billion gallons of ethanol and experienced yield losses similar to what occurred during the 1988 drought, corn and soybean prices would increase to $4.75 and $8.50 per bushel
, respectively, triggering a 60 percent decline in U.S.
It pegged soybeans for a record-high season-average $12.35 a bushel
. Food prices are forecast to rise by 5.5 percent this year, the largest increase in nearly two decades, spurred by higher meat, fruit and vegetable prices.
Last week 95.5 million bushels
were used, or about 13.64 million bushels
per day, a slower pace than government forecasts.
The actively traded December contract for corn fell 13.25 cents, or 2.4 percent, to $5.375 a bushel
. The front-month contract for July fell 8.75 cents, or 1.3 percent, to $6.5075 a bushel
He can sell his certificates or trade them in at a nearby CCC warehouse for $2,200 worth of grain at the local market price--1,000 bushels
if the price is $2.20 a bushel