In 2007 and 2008, the prices of both corn and soybeans increased sharply because

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Corn and soybeans are considered "alternative outputs" because farmers can easily switch between the two crops based on market prices and demand. In 2007 and 2008, the prices of both crops increased due to a combination of factors such as increased global demand for biofuels, droughts in some producing regions, and increased speculation in commodity markets. It was not caused by a warm spring or federal government price support programs. Additionally, not all agricultural grain prices always rise and fall together, as prices can be influenced by specific crop conditions and market forces.

In 2007 and 2008, the Prices of Both Corn and Soybeans