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Abstract
In recent months, corn and soybean prices have trended lower, leading to questions about longer-run prices. Recent price patterns suggest that 2021 through 2023 was a transitory period of higher prices, and now we may be returning to a period of lower prices. Those price patterns are reminiscent of the past, suggesting potential for a multi-year period of lower incomes. Overall, thoughtful use of financial resources is prudent, as is always the case in Corn-belt farming.