The USDA has cut the average farm price outlook for soybeans, raised the projection for wheat, and left corn unchanged.
The average farm price for corn is $5.45 per bushel, steady with October and more than $.90 above last marketing year due to larger than a year ago feed, food, and fuel expectations.
The average price for soybeans is pegged at $12.10 per bushel, compared to $12.35 a month ago due to slower export demand, but above last year’s average of $10.80.
