NEWS
Fundamentally Speaking
Fri Feb 21, 2014 08:04 AM CST

Based on higher production and just modest increases in demand, the USDA is looking for higher ending stocks for the main grain and oilseed crops and lower prices for the 2014/15 season vs. this year.

At their annual Ag Outlook sessions taking place this week, the average farm price of corn for next year was pegged at $3.90 per bushel vs. $4.50 this year, soybeans at $9.65 vs. $12.70 this year, and wheat at $5.30 per bushel vs. $6.80 this year.

If these price projections prove accurate, these would be the lowest average farm prices ...

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