Learn about innovative farm management strategies, new technologies for improving efficiency and productivity, ways to ensure a successful transition of farm operations to the next generation. Join us at the 91st annual Purdue Farm Management Tour and reception honoring the 2024 Indiana Master Farmers in Randolph County (Winchester), Indiana on Wednesday, July 17th.
November 10, 2021
November Corn & Soybean Outlook Update
Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert hosted a free webinar on November 10. The team discussed the corn and soybean outlook following release of USDA’s November Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports and provided implications for 2021 crop marketing strategies. Updates on yield and crop production estimates, corn and soybean export prospects, ethanol demand, ending stock estimates, and corn and soybean basis along with farm income projections were also discussed.
The webinar recording and slides used during the webinar presentation are available for download below. The audio recording from the webinar broadcast is also available below or can be accessed on your favorite podcast app.
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Margaret Lippsmeyer presented during agri benchmark’s 2024 annual conference in mid June, which was hosted by the Spanish Ministry of Agriculture in Valladolid, Spain. An increase in soybean acreage may come from either (a) shifting away from continuous corn rotations to corn-soy and (b) shifting corn-soy rotations toward corn-soy-soy. Based on agri benchmark data, Margaret showed that option (a) would require an increase in soybean prices of 6% and option (b) of 8% to make these rotations preferable over existing ones.
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Two outstanding farms in east-central Indiana will host visitors wanting to learn about farm and crop management on July 17th for the Purdue University Farm Management Tour. The Indiana Master Farmer reception and panel discussion will follow.
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