Corn and soybean prices showed resiliency in 2021 after nearby futures prices peaked in May at more than $7.50 per bushel of corn and $16 per bushel for soybeans. After bin busting crops, some analysts are speculating what we might see in 2022.
University of Illinois Ag Economics professor, Dr. Scott Irwin spoke with RFD-TV on the main factors that drove the rally last marketing year, the outlook for prices this year, and if he expects the rising cost of agriculture inputs to play a role.
Related:
American Farm Bureau offers planting projections for 2022
Tips for planting soybeans early