The new era of crop prices: A five-year review
Despite some differences between projections and actuals, the new era projections for the price of corn, soybeans, and wheat that we made almost five years ago have held up remarkably well. While the approach is certainly simple, it appears to provide robust expectations for crop prices in this new era. Tomorrow, we will use the actual Illinois monthly average prices of corn, soybeans, and wheat for December 2006 through December 2012 to evaluate whether the original projections of average prices and price distributions in the new era need any modifications. We will also use the new era projections to evaluate the current level of prices in these markets and draw implications for marketing 2012 and 2013 crops.
Source: Scott Irwin and Darrel Good, Department of Agricultural and Consumer Economics, University of Illinois
- Texas fall armyworms out early due to unseasonable rains
- Scout for western bean cutworm, western corn rootworm in Ohio
- AgSense releases iPad version of its WagNet Mobile app
- Ag markets posted divergent moves again Thursday
- Ag markets remained mixed at midsession Thursday
- Be wary of wheat quality after wet weather
- Don’t link bird decline and use of neonicotinoids
- Commentary: Setting the record straight on 'Waters of the U.S.'
- Look at fertilizer pricing 2013 vs. 2014
- Solar energy jobs increase, wind power decrease
- Setting the record straight on 'Waters of the U.S.'
- Comments end for Enlist Duo but not the fight