Friday, December 23, 2011

Average Annual Prices for Soybeans, Wheat and Corn from 1990 to 2011

Very large gains in annual receipts are expected for wheat, corn, hay, and cotton in 2011, often reflecting prices that are forecast to exceed their previous records. The U.S. annual wheat price is expected to increase to $7.43 per bushel, a 44 percent increase from 2010 and 8 cents-per-bushel below its 2008 average, reflecting a large increase in wheat exports. The U.S. annual corn price is expected to increase from $3.89 per bushel to $6.04, a large increase over its earlier high of $4.66 in 2008, as corn continues to respond to the increased demand for ethanol. The U.S. annual soybean price is expected to increase from $10.24 per bushel to $12.89 ($10.65 per bushel in 2008) and soybean meal to $339.60 per ton.

1 comment:

  1. Increased prices in corn have been influenced by a lack of production relative to demand worldwide, NOT just ethanol demand.