date:Feb 22, 2013
es during the first half of February, the soybean-to-corn price ratio is 2.27.
From a long-run historical perspective, the 2.27 is below average (see Figure 1). From 1975 through 2012, the average soybean-to-corn price ratio based on projected prices is 2.32. Hence, from a longer-run historical perspective, the soybean-to-corn price relationship favors corn production compared to soybean production.
However, the 2013 soybean-to-corn price ratio is near the 2007 through 2012 average. Since 20