Duration: 1:47

After a year of record highs and enormous drops in agricultural prices, forecasting the future for commodity prices is no small feat, says Joe Glauber, USDA Chief Economist. Glauber spoke today at the 12th Annual Farm Journal Forum in Washington D.C. While ethanol production capacity has seen dramatic growth, Glauber expects a bit of softening over the next year. The margins for ethanol profitability have declined over time.