In the past 25 years, that has occurred eight times for corn and seven times for soybeans. Cash grain prices paid in Worthington, MN were used for this study.
Prices listed are for the crop marketing year.
In many of those years, the United States Department of Agriculture increased set-aside acre requirements for the coming year in an effort to increase prices. Under the current seven year farm program, it is unlikely that we will have the magnitude of price increases we have seen in the past. It is probable to assume, however, that we will see some price improvement from the fall lows. May, June, and July were the months that prices peaked the most often.