Chad Hart, Iowa State University Extension economist, expects to see corn prices in the $3.50-$4 range, and soybeans in the single digits for 2015. Good demand but larger supplies will hold prices down over the next couple of years, he says.
"Given we're just coming off of harvest, start to pencil out your production costs for 2015," says Hart. "Catch the tops of price waves and do some pre-harvest marketing come springtime."
Hart also says China and South America are countries to watch, particularly for soybean exports (China) and soybean production (South America).