The AP is reporting that the USDA has determined that “ideal” weather conditions will help farmers in the Midwest recover from the spring floods.  According to the AP:

That recovery is expected to lead to lower prices for corn, soybeans and wheat. That may provide some relief to meat producers who use corn and soybeans for feed, for makers of corn-based ethanol and maybe even for shoppers at supermarkets.

Commondity prices will come down. But we somehow doubt the food companies will lower their prices.