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Grain prices expected to improve in 2021


Global grain stocks will be slightly higher this year, about 1.5% above last year after being on a downhill trend for the last few years.
“We are sitting in a pretty good place as far as having enough material, but also it has a bit of a negative impact on the world because of the supply that’s actually in the market,” Jon Hogge, University of Idaho Extension educator for Madison County, said during the university’s Idaho Ag Outlook Seminar.
Nonetheless, USDA is projecting higher U.S. corn, wheat and barley prices than in the 2019/20 marketing year.
The average corn price is projected at $4 a bushel, compared to $3.85 the previous year. The average wheat price is forecast at $4.80 a bushel, compared to $4.60 the previous year. The average barley price is forecast at $4.75 a bushel, compared to $4.70 the previous year. ....

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