Price of Corn

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Equation / Last modified by KurtHeckman on 2018/03/15 19:29
Rating
ID
KurtHeckman.Price of Corn
UUID
479b1edb-2881-11e8-abb7-bc764e2038f2

The Price of Corn calculator computes the market value of a volume of corn based on the volume (b) and the price per bushel (dpb) of corn.

INSTRUCTIONS: Choose units and enter the following:

  • (b) This is the volume of corn
  • (dpb) This is the price per bushel of corn

Price of Corn (P):  The calculator returns the price in US dollars. However, this can be automatically converted to other currencies via the pull-down menu.

The Math / Science

The formula for the Price of Corn is:

   P = b • dpb

where:

The USDA projects $3.35 per bushel (dpb) of corn in the U.S. market in 2018.