Source: Chuck Abbott, SUCCESSFUL FARMING, 6/1/22

Electrified by Russia’s invasion of Ukraine, commodity prices are sky high, with soybean futures topping $16.80 a bushel and the USDA forecasting the highest-ever farm-gate price for wheat. But high prices for corn, wheat and soybeans are far more likely to revert to their long-term averages than mark the dawn of a new era of permanently higher prices, said five university economists on Tuesday.

For more of this story, click here.