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corn

Corn & Soybean Basis Steady to Stronger in Most Locations, Weaker at Ohio River Terminals

After starting the year weaker than normal, corn and soybean basis has been steadily increasing since harvest ended last fall. In recent weeks, many eastern Corn Belt locations have seen steady to slightly stronger corn and soybean basis levels.

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The Outlook for Corn & Soybeans

Host Brady Brewer provides a recap of Dr. Chad Hart’s presentation on the 2024 agricultural crop market outlook at the Purdue Top Farmer Conference on the latest episode of the Purdue Commercial AgCast. Dr. Hart, a professor and crop marketing specialist at Iowa State University, explores the shift to “normalcy” for crop prices and farm incomes in 2024.

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International Benchmarks for Corn Production

Examined yield, gross revenue, and cost for farms in the agri benchmark network from Argentina, Brazil, Canada, the Ukraine, and the United States.

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2024 Crop Cost and Return Guide

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the December 2023 crop budget estimations for 2024.

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Top Farmer Conference 2024

January 5, 2024

A management programs geared specifically for farmers. Surrounded by farm management, farm policy, agricultural finance and marketing experts, and a group of your peers, the conference will stimulate your thinking about agriculture’s future and how you can position your farm to be successful in the years ahead.

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November 2023 Corn & Soybean Basis Update

As the calendar turns to November, many farmers in the eastern Corn Belt still have corn left to harvest. According to USDA, 68% of corn in Indiana has been harvested as of November 5th. Wet corn in the primary culprit. As a result, many elevators are full and are at drying capacity.

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Impact of Lower Corn Prices On Feeding Cost of Gain for Cattle Finishing

Corn prices have declined substantially since the first half of this year. This article examined the impact of higher corn prices on feeding cost of gain for cattle finishing.

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Corn and Soybean Basis Weaken as Harvest Heats Up

As harvest heats up across the Midwest corn and soybean basis have been weakening. Weakening basis during harvest is typical of seasonal basis patterns. Therefore, to give context to current basis levels it is helpful to compare them to historical basis levels.

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Crop Budget Spreadsheet

This spreadsheet can be used along with the Purdue Crop Cost & Return Guide to examine gross revenue, costs, and earnings for crop enterprises.  The user can evaluate up to three full-season crops, and the wheat double-crop soybean system. Updated September 2023.

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Déjà vu: Low Mississippi River Levels and Rising Barge Rates May Affect Grain Markets Again this Fall

Dry and hot conditions this year are again contributing to lower than normal river levels and, as a result, increasing barge rates. This is certainly something producers will want to pay attention to this fall.

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