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U.S. corn, soybean, wheat, and cotton farm prices are projected to more historical levels

Line chart showing in dollars per bushel on left y axis and dollars per pound (for cotton) on the right y axis farm prices for U.S. corn, soybean, wheat, and cotton from marketing year 2010/11 with projections out to marketing year 2031/32.

After climbing in recent months amid unstable global economic and market circumstances, nominal prices for U.S. soybeans, wheat, corn, and cotton are projected to decline in the near term and move to more historical levels in the next 10 years. Yields and area growth over that time are expected to boost production and exports for corn, cotton, and soybeans and hold production and exports for wheat relatively stable.

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