Corn, Soybean, Wheat Prices May Slip in Next Decade (Update1) - BusinessWeek

USDA is forecasting lower prices for major grains as a result of new and higher yielding seeds. Also, it is expecting 35% of corn to be diverted to ethanol production. The acreage for corn is forecast to go up from current 86.5mn acres to 90 mn acres and then stabilize. more details on the Business Week story link below.

Corn, Soybean, Wheat Prices May Slip in Next Decade (Update1) - BusinessWeek: "The price paid to farmers for a bushel of corn, the most- valuable U.S. crop, will peak at $3.90 a bushel for grain planted this year and fall to $3.65 by 2018, the USDA said today in an annual 10-year baseline forecast."