date:Oct 18, 2012
corn from $3.50 to $5.50 per bushel, and $8.50 to $12.50 for soybeans. Why these prices?
The $4.50 corn and $10.50 soybean prices represent estimates of average prices over the next five to 10 years, he says. The $3.50 corn price and $8.50 soybean price represent a below-average price scenario compared to long-run prices. Sometime in the future commodity prices likely will reach these levels, perhaps staying at these levels for several years. These prices have happened relatively recently, with