date:Feb 22, 2013
lationships during the fall.
Figure 2 shows a scatter of yearly price ratios based on projected and harvest prices. In 2012, for example, the soybean-to-corn price ratio based on projected prices is 2.21 ($12.55 soybean projected price / $5.68 corn project price). Harvest prices result in a 2.05 ratio ($15.39 soybean harvest price / $7.50 corn harvest price). In Figure 2, the 2012 ratio is denoted by a red dot.
There is a positive correlation between projected and harvest price ratios of .30