Cash prices across the Corn Belt range from $4.75 to $5.00 per bushel for corn and $12.50 to $12.75 per bushel for soybeans. Smaller corn production and historically low ending stocks have brought corn and soybean futures to their highest levels in over three years.
China remains a key variable. Under this summer’s trade framework, China has committed to purchasing at least 25 million metric tons of U.S. soybeans annually through 2028, though actual purchases continue to lag those targets.