# FAPRI-MU Outlook forecasts price retreat for most commodities

> The FAPRI-MU annual U.S. Baseline Outlook projects that prices for most crops, poultry and dairy retreat in 2023 from recent peaks, with net farm income falling from 2022 record levels. Consumer food price inflation is projected at 4.4% in 2023 and under 2% in 2024, assuming crop yields return to trend.

- Date: 2023-03-30 · published 2023-03-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/37002-fapri-mu-outlook-forecasts-price-retreat-for-most-commodities
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Projected price declines for corn, soybeans and wheat indicate lower feed grain values if yields normalize, while the outlook sees lower poultry and dairy prices that reduce demand pressure on feed costs.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-02-19 | [Outlook Forecasts Larger Corn, Soybean Crops for 2021](https://feedsoft.ai/events/48482-outlook-forecasts-larger-corn-soybean-crops-for-2021.md) | +0.6% | -5.3% |
| CORN | 2016-11-07 | [US Corn Futures Weekly Price Outlook: Record Corn Yields?](https://feedsoft.ai/events/8309-us-corn-futures-weekly-price-outlook-record-corn-yields.md) | -2.6% | +0.5% |
| CORN | 2018-01-01 | [Record Corn Yield Forecast Weakens Corn Prices](https://feedsoft.ai/events/67036-record-corn-yield-forecast-weakens-corn-prices.md) | +0.3% | +2.5% |
| CORN | 2025-05-14 | [USDA forecasts lower wheat, corn, sorghum prices for 2025/26](https://feedsoft.ai/events/24718-usda-forecasts-lower-wheat-corn-sorghum-prices-for-2025-26.md) | +3.8% | +0.4% |
| CORN | 2016-12-05 | [U.S. Corn Weekly Price Outlook: Patience Required](https://feedsoft.ai/events/73484-u-s-corn-weekly-price-outlook-patience-required.md) | +4.1% | +2.4% |
| SOY | 2021-02-19 | [Outlook Forecasts Larger Corn, Soybean Crops for 2021](https://feedsoft.ai/events/48482-outlook-forecasts-larger-corn-soybean-crops-for-2021.md) | +2.3% | +1.3% |
| SOY | 2026-08-27 | [Record Soybean Crop Forecast Meets Firm Demand Outlook \| CZ app](https://feedsoft.ai/events/10973-record-soybean-crop-forecast-meets-firm-demand-outlook-cz-app.md) | +3.8% | +5.0% |
| SOY | 2019-12-18 | [U.S. Farm Income Outlook: November 2019 Forecast](https://feedsoft.ai/events/55428-u-s-farm-income-outlook-november-2019-forecast.md) | +0.8% | -0.5% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/ingredient-market-prices/fapri-mu-outlook-forecasts-price-retreat-for-most-commodities

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.