Iowa Ag Review


The outlook for corn and soybean farmers looks exceedingly bright because of continued strong growth in U.S. ethanol production. December corn futures contracts are trading above $3.80 through 2010. Soybean futures are trading above $7.50 through 2009. The reason for this price strength is that U.S. corn plantings are projected to exceed 93 million acres from 2008 and beyond because of strong demand.