![]() Our objective is to present possible fall prices for corn and soybeans. Framework Used to Evaluate Possible Price Changes There is a 5% chance that October cash prices exceed $10.50 per bushel for corn and $18.49 for soybeans. Conversely, there also is a chance of higher prices. There is a 5% chance of cash prices below $10.56 per bushel for soybeans. History suggests that there is a 5% chance that cash prices for corn in October will be below $4.60 per bushel. Significant changes in prices going into fall are possible. During the first two weeks in May, fall delivery bids in central Illinois averaged $7.39 per bushel for corn and $14.52 for soybeans.
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