Source: Al Kluis, SUCCESSFUL FARMING, 12/6/21

This fall after harvest wrapped up, a longtime customer from Iowa called and told me he was working on his budget for next year. “My breakeven for corn has jumped to $5.00 per bushel,” he said. “Is that higher than most of your customers?”  Every day, I study and chart the price of grain and energy. After the April 2020 COVID-19 lows, I watched the grain markets — and the price of crude oil, gasoline, natural gas, and ethanol — move sharply higher. 

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