Scott Irwin and Darrel Good - Scott Irwin - In today's farmdoc daily article, we review the last 17 years of Illinois corn, soybean, and wheat prices to evaluate “new era” projections that farmdoc first made in September 2008. Our original projections of the average monthly prices for the three crops turned out to be remarkably accurate, with less than 2% error in each case. It is clear that a truly new era in nominal corn, soybeans, and wheat prices started in the Fall of 2006 and that t...
