FAPRI sees $4 corn and $10 soybeans but little increased ethanol demand

In Missouri, the Food and Agricultural Policy Research Institute at the University of Missouri has released its baseline briefing book for agriculture and biofuels in the US. The reports shows the likelihood of $4 corn and $10 soybeans with fewer corn acres planted and more soybeans planted. It also anticipates the RFS to remain in place but ethanol demand growth to remain limited.