Wednesday’s USDA Crop Production Report estimates a record soybean crop and near record corn crop.
University of Illinois ag economist Todd Hubbs tells Brownfield corn prices might have bottomed out.
“I think we might see corn sort of sideways for a while,” he said. “I feel like when we see the futures price in that $3.20 to $3.25 range, it’s sort of a bottom.”
Hubbs said he wouldn’t be surprised if corn acreage fell by October.
