Simple question.  Will we ever see sub $3 corn and sub $7 beans again?  

With all the bearish factors such as the world ecomony and a bumper crop here in the USA we historically would see depressed prices.  We presently have  $10 beans and $4 corn with elevators filling up or full. In years past this would be a receipe for disaster.  

It seems the older I get the less I know about marketing.  Am I an idiot for forward contracting $4 corn and $10 beans for next years crop?