Good: Short crop, long tail

U of I ag economist Darrel Good says producers may see an early peak in corn and soybean prices this fall. We have an audio report.

John Hawkins

Published: Aug 30, 2011

The 2011-12 corn and soybean marketing years will be characterized by the need to reduce consumption of both crops. The magnitude of those needed reductions are not yet known and the prices needed to make those cuts will depend on the strength of underlying demand.

While a lot of unknowns persist, Good says it now appears that smaller supplies will push corn and soybean prices even higher in the short run, with prices peaking early in the marketing year and moving erratically lower into the winter.

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