October 27, 2015
2015 Logan County Farm Outlook Magazine
LINCOLN DAILY NEWS.COM Page 39
As of October 22nd, the average corn price for central Illinois is $3.64, and the average
soybean price is $8.85. According to the USDA Farm Service Agency, Logan County
farmers planted 199,363 acres of corn and 143,047 acres of soybeans.
As we’ve seen recently, crop prices can fluctuate with little warning, especially soybean
prices. Furthermore, these prices apply to the state of Illinois as a whole, not individual
farmers. At a glance, it certainly seems that farmers in Illinois may be set to make more
money from soybeans in 2015 than they have in the past and less money than they used
to from corn. However, it is too early to say whether or not that increase in profit will be
because of prices, or because of the increased amount of production.
Story by Derek Hurley
Resources Cited
Good, D. “Weekly Outlook: Which Way for Soybean Prices?” farmdoc
daily (5):193, Department of Agricultural and Consumer Economics,
University of Illinois at Urbana-Champaign, October 19, 2015.
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