USDA has released the long-term baseline projections for grains and livestock. Mostly stable prices are expected over the next decade, however the average prices are expected to be below the 2010-2019 period and above the 2000-2009 time period. The corn price is expected to range from $3.50 to $3.60 over the next ten years. Soybean prices are expected to range from $8.70 to $9.05, and wheat prices are expected to range from $5.05 to $5.15. The full report can be found here.
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