Illinois Economist Gives 2014 Corn And Soybean Outlook

Illinois Economist Gives 2014 Corn And Soybean Outlook


Corn prices have dropped 40-percent from their highs in reaction to a record U.S. corn crop in 2013.  However, University of Illinois Economist Dr. Darrell Good says the market may have found a bottom and will stay fairly range bound the next couple months.

He says old crop soybean futures have likely put in a top and the new crop may also be vulnerable with a record crop on tap in South America.

Good says acreage will be the big determinant of row crop prices going into the planting season with predictions for less corn acres and more soybeans.

Recent Headlines

in National, World

U.S. deploying special force to boost fight against Islamic State


A specialized expeditionary targeting force will help Iraq put additional pressure on Islamic State and be positioned to conduct operations into Syria.

in Agriculture

Industry Says EPA Missed the Mark on Mandated Ethanol Volumes

EPA Flag 2015

Monday afternoon the EPA released the volume obligations for ethanol under the Renewable Fuel Standard. The finalized EPA target levels…

in Agriculture

American Petroleum Institute Supports RFS Decision

API Logo

American Petroleum Institute officials say the Environmental Protection Agency did the proper thing by lowering the mandated ethanol volumes. API’s…

in Agriculture

Biodiesel Industry Pleased With RFS Levels

national biodiesel board _logo- approved

The biodiesel industry is pleased with EPA’s decision to raise the mandated biodiesel volumes under the Renewable Fuel Standard. Under…

in Agriculture

Management Strategies With Net Farm Income Down for 2015


USDA predicts net U.S. farm income will drop 38 percent this year to $55.9 billion. That would be the lowest…