By Michael Deliberto, Ph.D.
LSU AgCenter
This month’s 2024/25 U.S. corn outlook remains unchanged relative to last month. The season-average corn price received by producers also remains unchanged at $4.35 per bushel. As with corn, U.S. 2024/25 soybean supply and use projections remain unchanged. The soybean oil balance sheet includes higher exports and lower soybean oil used for biofuel. But unlike corn, seasonaverage soybean price has been revised downward by 15 cents to $9.95 per bushel.