NEWS
Return to 2009-10 Corn Prices Predicted
Katie Micik DTN Markets Editor
Thu Feb 20, 2014 11:15 AM CST

WASHTINGTON (DTN) -- USDA's top economist said corn prices could return to 2009/2010 levels of about $3.90 as stocks rebuild following 2013's record production and anticipation of another large crop in 2014/2015.

Chief Economist Joseph Glauber said that's a slightly higher price than USDA's baseline projection last week because it incorporates new farm bill programs.

"We had assumed that under the continuation of the old law that more land would be planted to corn because of the ACRE program," Glauber said. "Now with the new programs based on base acres, we think there will be more flexibility. They will look ...

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