Grain Prices at Multi-Year Lows

Because of the collapse in commodity prices, I decided to check to see how low current corn, soybean, and wheat prices are compared to the past several years. I was stunned to learn that all three grains haven't seen prices this low at any time this century! This current price deflation is likely to lead to production cuts, increased demand, or both. That inevitably will lead to higher prices again at some point, but no one knows when!