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Total Cost from Price per Bushel

Last modified by
on
Mar 25, 2022, 6:16:36 PM
Created by
on
May 11, 2020, 9:16:01 PM
T=VP/bu
(V)Volume of Grain
(P)Price per Bushel
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9dd90202-93cc-11ea-96ae-bc764e203090

The Total Cost from Price per Bushel calculator computes the total cost of a volume of product based on the amount of product and the price per bushel.

INSTRUCTIONS: Choose units and enter the following:

  • (V) Volume of Grain
  • (P) Price per Bushel

Total Cost (T): The calculator returns the total in U.S. dollars.  However, this can be automatically converted to other currencies via the pull-down menu.

The Math / Science

The formula for the total cost based on a price per bushel is:

        T=PV

where:

  • T = Total Cost or sale price of the product
  • V = Volume of Grain
  • P = Price per Bushel

Application

Many farm products have a market value based on a price per bushel.   This includes product like:

  • No. 2 Shelled Corn (e.g. $3.67 / bu)
  • No. 2 Soybeans
  • No. 2 Wheat

The Price per Bushel calculator can help you easily calculate the cost of 560 bushels of shelled corn at $3,67/bu, which would be $2,055.20 USD.  This calculator would then let you click next to the answer and convert the answer to different currencies (e.g. Canadian Dollars or Mexican Peso) base on a current exchange rate.

US Corn Price Survey:

  • Date: 7/17/24
  • State: PA
  • Region: New Holland`
  • Price (low): $4.08 USD/bu
  • Price (high): $4.48 USD/bu

US Soybean Price Survey:

  • Date: 7/17/24
  • State: PA
  • Region: New Holland
  • Price (low): $10.9 USD/bu
  • Price (high): $11.25 USD/bu

US Wheat Price Survey:

  • Date: 7/17/24
  • State: PA
  • Region: New Holland
  • Price (low): $5.11 USD/bu
  • Price (high):  $5.21 USD/bu

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