Prices Too Low To Plant? Bank Economist Says No

Corn, bean, and wheat prices have all taken the plunge the past couple years, but analysts and traders said they’re optimistic that futures will improve in 2016.

Corn futures on the Chicago Board of Trade have dropped 19% in the past two years, soybeans are down by a third, and wheat has dropped 24%. A readjustment of input costs, some negotiating over land rents, and a forecast La Niña weather system, however, could make 2016 a more profitable year for producers.