NDSU Extension has released its short-term and long-term price projections for farmers and ranchers preparing annual budgets and cash flow projections. The price projection for the 2022 soybean crop is $11.50 per bushel, up from $10.20 last year. Spring wheat is forecast at $7.50 per bushel, up from $5.11 per bushel this past year. The price for 2022 crop canola is projected to be at $25.50 per hundredweight, up from $18.50 last year. All commodities are well above the historic average price. Corn is projected at $4.45 per bushel. Malting barley is at $6 per bushel and oil-type sunflowers are at $25 per hundredweight. The price for 400-to-500 pound steer calves is at $200, almost $30 higher than last year.
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