For the short term, corn and soybean prices will likely hover at lower levels, repeating last year’s price patterns.
Chad Hart, grain market economist at Iowa State University, said the supply of corn and soybeans remains high, and it will take several months to work through that supply. This will keep prices lower, he said.
"I don’t look for any significant price increases until we get past March and past spring," Hart said.
The "monster crop" producers harvested this past fall is keeping prices low.
Iowa corn production in 2016 was forecast at 2.69...