Monthly corn and soy prices fall despite positive outlooks

The U.S. Department of Agriculture National Agricultural Statistics Service’s report on corn and soy prices showed declining monthly prices in September, but a continuing trend of improving yearlong prices may be a silver lining.

In Sept. 2021, the price of corn decreased to $5.60 per bushel from $6.38 in August, but the 12-month average price saw an increase from August, up to $5.15, according to the report.

Soybean prices did the same, decreasing to $12.30 per bushel in Sept. 2021, compared to $13.70 in August, but showing a 12-month average of $12.64, also above August’s.

Additional information can be found on the Legislative Services Agency’s Economic Trends website, which includes links to source sites and the underlying data for each Economic Trends indicator.

Comments: Kalen.McCain@southeastiowaunion.com