Average prices for corn and soybeans are higher than in recent years, resulting in a brighter crop revenue picture for 2018.
“USDA is being a bit more optimistic about our prices,” Gary Schnitkey, a farm management specialist at the University of Illinois told Brownfield Ag News Thursday. Corn so far this marketing year averages $3.80 a bushel, according to data from the USDA Office of the Chief Economist. The yield projection of 174 bushels an acre would result in revenue of $661 per acre, but Schnitkey says a lot can happen during the growing season.
Continue reading Soybean and corn revenue projections slightly improved at Brownfield Ag News.
