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com, grain, and soybeans as high fall feed prices force livestock producers to cut back.
David E. Kenyon at the Virginia Extension Service says analysis of the 1974 and 1980 drought year markets shows that corn and soybean prices peaked during and immediately following the harvest and then declined. The pattern runs contrary to normal years when prices tend to continue rising for several months after harvest.
Kenyon goes so far as to predict further falls next year due to overplanting. Current high harvest prices may encourage “planting fence row to fence row,” Kenyon says, adding that the state may see a nine billion bushel corn crop next year.
Kenyon doesn’t expect much participation in any
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