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Marketing Corn, Soybeans, and Wheat in the New Era

Scott Irwin and, Darrel Good (September, 2008)

Summary

In previous articles we examined crop and livestock price behavior in the new era that began to emerge in fall 2006. We argued that unfolding evidence suggested that corn, soybean, and wheat prices were indeed likely establishing a higher (nominal) average than previously experienced. Not surprisingly, the range of prices we forecast for this new era was also very wide. The purpose of this article is to take a more detailed look at the distribution of corn, soybean, and wheat prices we expect in this new era.