Prices Chart of Illinois Corn, Soybean, and Wheat

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Table 1. Summary of Monthly Average Corn, Soybean, and Wheat Prices in Illinois
(January 1947-December 1972 and January 1973 – November 2006)
Jan. 1947-
Dec. 1972
Jan. 1973-
Nov. 2006
%
Increase
CORN $ per bushel
Average Monthly Price 1.28 2.42 89
Highest Monthly Price in First 5
Years 2.57 (2.01) 3.54 (1.46) NA
Lowest Monthly Price in First 5
Years 0.99 (0.77) 1.60 (0.66) NA
SOYBEANS
Average Monthly Price 2.63 6.15 134
Highest Monthly Price in First 5
Years 4.24 (1.61) 10.20 (1.66) NA
Lowest Monthly Price in First 5
Years 2.14 (0.81) 4.35 (0.71) NA
WHEAT
Average Monthly Price 1.81 3.24 79
Highest Monthly Price in First 5
Years 2.94 (1.62) 5.66 (1.75) NA
Lowest Monthly Price in First 5
Years 1.74 (0.96) 1.84 (0.57) NA
Wheat/Corn Price Ratio 1.41 1.34
Soybean/Corn Ratio 2.05 2.54
Note: Number in parentheses is the ratio of the high or low price in the first 5 years of the period
to the average price for the entire period. NA denotes ‘not applicable.’
Table 2. Projected Average Monthly Corn, Soybean, and Wheat Prices in Illinois, Post-
December 2006
Corn Soybeans Wheat
$ per bushel
Average Monthly Price
4.60
11.50 5.80
Highest Monthly Price
6.70
19.10 10.15
Lowest Monthly Price
3.00
8.20 3.30
Page 4/7
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