To calculate grain price per bushel, start with the total value of the grain and divide it by the number of bushels, or convert from another unit such as tons, kilograms, or hundredweight into bushels first. In practice, the main…
To calculate grain price per ton, you first need to know the quoted unit, the grain type, and whether the price is a futures price or a physical cash price. The basic calculation is simple: convert the quoted price into…
To calculate grain value, start with the price benchmark that applies to your grain, then adjust for basis, quality, moisture, quantity, delivery point, freight, storage, and timing. In practice, the number most farmers or buyers use is not just a…
Converting bushels to tons is simple in principle but easy to get wrong in practice because a bushel is a measure of volume, while a ton is a measure of weight. The conversion depends on the crop and the standard…
Grain prices are quoted in different units, currencies, and market formats, so a “grain price conversion guide” is really a guide to making unlike prices comparable. In practice, that means converting between bushels, metric tons, short tons, kilograms, pounds, and…
Grain price per metric ton is a useful way to compare wheat, corn, soybeans, rice, barley, oats, rye, sorghum, canola, rapeseed, and sunflower seed across countries, ports, and contracts. In practice, however, there is no single global grain price per…
The oat price per bushel usually refers to one of two different markets: the exchange-traded futures price or the local cash price offered by an elevator, cooperative, feed mill, or grain buyer. Those two prices are related, but they are…
The soybean price per bushel usually refers to one of two different markets: the exchange-traded futures price or the local cash price paid in the physical grain market. The benchmark futures price is most commonly the Chicago Board of Trade…
The phrase corn price per bushel usually refers to one of two different markets: the exchange futures price for corn, most commonly quoted from CME Group, or the local cash price offered by an elevator, cooperative, ethanol plant, feed mill,…
The wheat price per bushel is usually discussed in two different markets: the exchange-traded futures market and the local physical cash market. The futures quote is a benchmark, most commonly the Chicago Board of Trade wheat contract, but it is…