While corn has been getting most of the pricing attention, "soybeans may be the sleeper and prices may go up more than we think," says Frayne Olson, ag economist at North Dakota State University.
"There may be some good pricing prospects after the first of the year." This spring, wheat may offer some real pricing opportunities, he says. "Be patient, sit tight," he advises. Olson notes that small grain yields, particularly spring wheat and durum, are well below what the trade expected.
Furthermore, he expects soft red winter wheat planting in Missouri, southern Illinois, Ohio and Indiana to be way down due to corn and soybean prices. And in the Southern Plains, he expects a high level of abandonment due to the continuing drought.