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Estimated returns above costs for new crop corn reached nearly $225 per acre and soybeans about $164 per acre, the highest pre-harvest pricing in years. The analysis uses Iowa State example yields and 2021 cost of production estimates.
Strong new-crop prices signal firm forward values and could encourage more corn and soybean planting, which would shape future feed supply.
iowafarmbureau.comEd KordickMar 9, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
