Corn, soybean, wheat prices to drop this fall: commodity strategist

LONDON — This fall corn prices could dip below $3 per bushel with soybeans dropping to $7, said Moe Agostino, chief commodity strategist at Farms.com.

Agostino, who spoke at the London Farm Show on March 4 and 5, said corn prices could be around $4.50/bu in the spring, before rising to $5/bu in the summer. But this fall the price could dip to
$2.85/bu, he said.

Soybean prices could follow the same trend with spring prices around
$11/bu before increasing to $11.50 in the summer, he said. In the fall, soybeans could drop to $7/bu.

Spring wheat prices could be around $6.50/bu before rising to $7 in the summer, said Agostino. Come autumn, the price could fall to around
$5/bu, he said.