Corn price futures for the December 2019 contract increased from $3.79 per bushel for the week ending May 10 to $4.55 for the week ending June 28. Even though corn futures prices weakened after the release of the June crop acreage repor.
Corn prices have increased since mid-May and are expected to be quite volatile for the rest of the year. Each $0.10 increase in corn price results in an increase in feeding cost of gain of $0.87 per cwt.
Recorded July 2, 2019 | The presenters provide an updated review of corn and soybean acreage, which includes information from USDA’s Acreage report along with their own assessment of prevented planting of corn and soybeans.
Recorded June 17, 2019 | Purdue agricultural economists Chris Hurt, Michael Langemeier, and James Mintert provide an updated corn and soybean price outlook, which includes information from USDA’s Crop Progress report.
The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana.
Recorded June 6, 2019 | As a follow-up to their previous webinar, Purdue agricultural economists James Mintert and Michael Langemeier analyze the potential returns from taking the Prevented Planting option for corn and compare it to potential returns from delayed planting of both corn and soybeans, under a couple of different scenarios.
