In 2024, total economic costs per acre for growing corn in Illinois averaged between $1,154 in the southern section and $1,251 in central areas with high-rated soils. Soybean costs ranged from $863 to $931 per acre.
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The USDA released its eighth Crop Progress Report of the 2025 growing season on May 5. Here’s a look at the most recent corn, soy, wheat, and oat numbers.
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The USDA released its eighth Crop Progress Report of the 2024 growing season. Here’s a look at the most recent corn, soy, wheat, and oat numbers.
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Between 2002 and 2022, soybeans were the second-most planted crop in the United States, behind corn.
Read moreDeere & Co. says corn and soybean production in the US could be fully autonomous by 2030.
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Despite a wind storm tearing through the Midwest and drought conditions in isolated areas, a bumper crop of both corn and soybeans is expected this year.
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Among factors contributing to the 37-year low: diminished demand for ethanol and timing: “We were planting into peak fear.”
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