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USDA Lowers Corn, Soybean Price Expectations For 2015-16

The USDA says the U-S will have more wheat and soybeans in stock at the end of the 2015-16 crop year, less corn than 2014-15.

The department's latest World Agricultural Supply and Demand Estimates report says wheat stocks will be up 84 million bushels to the highest level since the 2010-11 crop year.

Soybean stocks are expected to be up 150 million.

Corn ending stocks are projected to be down 105 million.

The department expects the all wheat season-average farm price to be between 4.50 and 5.50 a bushel.

The soybean price is expected to average from 8.25 to 9.75 a bushel - compared with just over 10 dollars for the 2014-15 crop year.

And the U-S season-average corn price for the 2015-16 crop year is expected to range from 3.20 to 3.80 a bushel - down 15 cents at the midpoint from the 2014-15 outlook.

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File photo courtesy of  © Can Stock Photo Inc. / dehooks

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Nine young volunteers aged 11 to 17 spent three days exploring and protecting the Lake Huron coastline during the Coastal Conservation Youth Corps' inaugural program in Grand Bend from July 21 to 23.