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’s Christina Loren 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.
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