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U.S. crop values jumped 22% in 2010
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The value of U.S. crops reached record levels in 2010 as the global economy recovered from a deep recession, leading to increased demand for U.S.-produced goods like soybeans, corn and wheat.The value of U.S. crops reached record levels in 2010 as the global economy recovered from a deep recession, leading to increased demand for U.S.-produced goods like soybeans, corn and wheat.
U.S. crop values jumped 22 percent last year, climbing from $158.4 billion in 2009 to $192.5 billion, the U.S. Department of Agriculture stated in a report Wednesday. Valued at $66.7 billion, corn remained the biggest crop in the U.S. Soybeans were the second most valuable crop at $38.9 billion - up 21 percent from $32.1 billion in 2009. U.S. crop values jumped 22 percent last year, climbing from $158.4 billion in 2009 to $192.5 billion, the U.S. Department of Agriculture stated in a report Wednesday. Valued at $66.7 billion, corn remained the biggest crop in the U.S. Soybeans were the second most valuable crop at $38.9 billion - up 21 percent from $32.1 billion in 2009.
Moreover, the total value of wheat crops surged 22 percent to $13 billion, according to the USDA. The U.S. cotton crop was valued at $7.3 billion last year, nearly doubling in value from the year prior. California remained the top agricultural producer in the U.S.: Crops in the Golden State were valued at $22.7 billion for the year. Following California were Iowa and Illinois.Moreover, the total value of wheat crops surged 22 percent to $13 billion, according to the USDA. The U.S. cotton crop was valued at $7.3 billion last year, nearly doubling in value from the year prior. California remained the top agricultural producer in the U.S.: Crops in the Golden State were valued at $22.7 billion for the year. Following California were Iowa and Illinois.
The value of U.S. crops grew at a fast clip, mirroring the surge in commodity prices over the past year. Cotton futures, for example, increased 93 percent in 2010, while the value of U.S. cotton crops grew 92 percent. The value of U.S. crops grew at a fast clip, mirroring the surge in commodity prices over the past year. Cotton futures, for example, increased 93 percent in 2010, while the value of U.S. cotton crops grew 92 percent.
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SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MOST CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED IN THE PAST SEVERAL YEARS.THERE ARE USUALLY UNDERLYING, FUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR YEAR.EVEN IF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS.NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST, OR WILL IN THE FUTURE, ACHIEVE PROFITS USING THESE RECOMMENDATIONS.NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILL RECUR IN THE FUTURE.
- THERE IS A RISK OF LOSS IN FUTURES TRADING AND IS NOT SUITABLE FOR
ALL INVESTORS. ONLY RISK CAPITAL SHOULD BE USED WHEN TRADING FUTURES. - PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
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