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FAPRI-MU crop prices adjusted

Programs ICONU.S. crop price projections for 2014 through 2018 by the Food and Agricultural Policy Research Institute have been released.

FAPRI’s October update projects the corn price slightly lower for the 2014/15 marketing year at $3.40 per bushel. But, projected prices increase to $3.74 per bushel for 2015/16 and up to $4.20 by 2018/19.

FAPRI expects soybean prices about the same as predicted last month for 2014/15 – at $9.95 a bushel.  That’s expected to drop by 2015/16 to $8.93 a bushel, before recovering to $10.50 by 2018/19.

The wheat price outlook is about the same as last month.

FAPRI-MU says these new prices will be updated in the online farm program tool it developed with Texas A&M, within the next day or two.

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