The projected 2013-2014 season average farm price for corn is raised $0.10 at both ends of the range to $4.40 to $5.20 per bushel, with a resulting midpoint of $4.80 per bushel.

The price increase reflects tighter supplies due to lower yields and greater demand for ethanol.

For 2012-2013, the price is increased $0.05 on both the low and high ends of the range to $6.75 and $7.15 per bushel, with a midpoint of $6.95 per bushel.