date:Dec 28, 2012
will continue to increase in 2013.
These increases likely are larger than would have occurred without the drought, Schnitkey says. When corn and soybean prices return to more normal levels, the necessary downward adjustments in cash rents may be more painful and protracted than had the drought not occurred, particularly for cash rents in the higher range.
Though there will likely be a lot of highs and lows in grain prices in the next year, there will be one key date, and one not too far off.